Directors' Share Plan
March 02 2007 - 10:15AM
UK Regulatory
RNS Number:2506S
Public Recruitment Group plc
02 March 2007
Public Recruitment Group PLC ("the Company" or "PRG")
Summary of Directors' share plan
In accordance with Rule 17 of the AIM Rules For Companies, PRG is issuing
notification of grants of deferred share awards over the ordinary shares of 10p
each ("Ordinary Shares") in the Company.
Following approval by the shareholders at the Annual General Meeting on 3 May
2005, the Public Recruitment Group PLC Performance Share Plan, a "Long Term
Incentive Plan" ("LTIP"), was introduced. Under the LTIP, awards of deferred
shares or options with a nil exercise price over the Ordinary Shares may be
made. On 2 March 2007 certain of the executive directors were awarded deferred
Ordinary Shares conditional upon the Company achieving a return that is better
than selected comparator companies.
A summary of deferred share awards in respect of the executive directors to whom
awards have been made to date are set out below:
Period during
Date of which
disclosure and exercisable or Darren Nick
of transaction period of award McLaney Williams
Deferred share 3 June 2005 3 June 2007 - 285,714 158,730
award 3 June 2015
Deferred share 2 March 2007 2 March 2009 - 1,428,571 914,285
Award 2 March 2017
Total share 1,714,285 1,073,015
award
Contact:
Katharine Spedding
Tel: 0114 283 4925
This information is provided by RNS
The company news service from the London Stock Exchange
END
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