Hydro International PLC Director/PDMR Shareholding (5154U)
April 07 2016 - 6:49AM
UK Regulatory
TIDMHYD
RNS Number : 5154U
Hydro International PLC
07 April 2016
7 April 2016
Hydro International plc
("Hydro", or the "Company")
Director Shareholding
Hydro International (AIM: HYD), a leading provider of
environmentally sustainable and innovative solutions to water
management challenges the world over, announces today that the
following directors have been granted options over ordinary shares
of 5p each in the Company (the "Options") in accordance with the
provisions of the Discretionary Share Option Scheme, adopted by the
Company on 24 May 2007.
The exercise price for all Options awarded on 6 April 2016 will
be 5p per ordinary share of the Company.
Exercise of the Options is subject to a performance condition
based on the compound annual earnings per share ("EPS") growth
measured over three financial years commencing with the financial
year in which the Option is granted.
Director Number of Total number of Existing beneficial interest (in ordinary shares of
share options granted on share options the Company)
6 April 2016 outstanding at
6 April 2016
------------------ -------------------------- ---------------- ----------------------------------------------------
Michael Jennings 75,204 460,702 -
Tony Hollox 27,793 111,508 23,463
------------------ -------------------------- ---------------- ----------------------------------------------------
The Options granted relate to the financial year ended 31
December 2015 and are subject to a three year vesting period with
effect from 6 April 2016. Options shall vest over a number of
ordinary shares determined as follows:
Compound annual growth rate in EPS over the performance period Percentage of options that vest
--------------------------------------------------------------- -----------------------------------------
15% or more 100%
Between 3% and 15% Straight line basis between 10% and 100%
3% 10%
Less than 3% 0%
--------------------------------------------------------------- -----------------------------------------
For further information please contact:
Hydro International Arden Partners plc
plc
Tel.+44 (0)1275 878371 Tel. +44 (0)20 7614
5900
Michael Jennings, Chief Steve Douglas
Executive
Tony Hollox, Chief Financial Patrick Caulfield
Officer
About Hydro International
Hydro International plc (AIM: HYD) (Hydro) is a global supplier
of environmentally sustainable products and innovative solutions
for the control and treatment of stormwater, wastewater and
combined sewer overflows. Hydro's products use a range of advanced
technologies including award-winning advanced vortex technology.
Headquartered in Clevedon, North Somerset, Hydro also operates in
the UK from offices in Ely, Cambridgeshire, as well as across the
US from bases in Portland, Maine and Hillsboro, Oregon. The Group
has a growing presence outside its core UK and North American
markets in territories including: Ireland, the Middle East, Mexico,
Brazil, Russia, the European Union, China, Malaysia, Singapore,
Korea, Australia and New Zealand.
Please visit the website for further information
www.hydro-int.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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