ACH Achp

 

TIDMTAW 
 
RNS Number : 6457P 
Tawa PLC 
27 March 2009 
 
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Tawa plc 
27 March 2009 
 
 
 
 
Director/PDMR Shareholding 
 
 
Tawa plc ('the Company') announces that on 27 March 2009 it made its annual 
grant of awards over the Company's Ordinary Shares of 10p each ('the Shares') 
under the Tawa 2007 Performance Share Plan ('the Plan') to those of its 
executive directors detailed in the table below. 
 
 
Name             Role                         Number of shares     Total number 
of                                                 subject to awards     awards 
now held 
Gilles Erulin        Chief Executive Officer769,231 1,404,616 
David Vaughan    Chief Operating Officer 725,2751,245,152 
 
 
Awards granted under the Plan will vest on 27 March 2012 provided that certain 
performance criteria (as set out below), are satisfied by the Company over a 
three year period. No consideration is payable for the grant of the awards. The 
receipt of the Shares is conditional upon meeting the performance criteria and 
the recipient being either an employee or director within the Company's group on 
27 March 2012. 
 
 
Performance conditions 
 
1)  One half of the award will be dependent on the compound growth in the 
Company's Net Asset Value per 
 

   Share, expressed in the currency of the 

listing, before dividends over a period commencing 1 January 
 

    2009 to 

31 December 2011 on the following criteria: 
 
 
NAV per Share growth during the Percentage of one-half of the total 
performance period (average compound) number of Shares subject to the award that 
will 
 
     vest 
Less than 7.5% Nil 
Equal to 7.5%  25% 
Equal to or greater than 15%  100% 
Between 7.5% and 15%  Pro-rata between 25% and 100% 
 
 
2)  One half of the award will be dependent on the Company's relative Total 
Shareholder Return performance 
 

    against a group of companies comprising 

the constituents of the FTSE Small Cap (excluding investment 
 

    trusts) 

over a single period of three years: 
 
Rank of the Company's TSR 
against comparator companies  Percentage of one-half of the total number of 
at the end of the performance period Shares subject to the award that will vest 
Below median Nil 
Median  25% 
Upper quartile  100% 
Between median and upper quartile  Pro-rata between 25% and 100% 
 
 
The notification of these awards is made pursuant to AIM Rule 17 and Schedule 5 
to the AIM Rules for Companies. 
 
 
Enquiries: 
+-----------------------------------------+------------------------------+ 
| Christopher Jones, Company Secretary    | 020 7068 8071                | 
| Tawa plc                                |                              | 
+-----------------------------------------+------------------------------+ 
| James Britton or Guy Wiehahn            | 020 7418 8900                | 
| KBC Peel Hunt (nominated adviser and    |                              | 
| broker)                                 |                              | 
+-----------------------------------------+------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSILFEEVEIDFIA 
 

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