REGUS PLC Notification of Share Awards
March 05 2015 - 10:00AM
UK Regulatory
TIDMRGU
Regus plc (the "Company")
Notification of Share Awards
The Company announces that the Remuneration Committee has
granted the following conditional share awards to Mark Dixon on 4
March 2015, at a price of GBP2.218 per share, under the Regus plc
Co Investment Plan (the "CIP"):
Number of shares subject to Investment Share Award: 132,326
Number of shares subject to Matching Share Award: 529,304
The Company further announces that the Remuneration Committee
has granted the following conditional share awards to Dominique
Yates on 4 March 2015, at a price of GBP2.218 per share, under the
CIP:
Number of shares subject to Investment Share Award: 75,626
Number of shares subject to Matching Share Award: 302,504
The Investment Share awards granted in accordance with the rules
of the CIP represent a deferred bonus payment in respect of 50% of
the annual bonus for Mr Dixon and Mr Yates respectively relating to
the financial year ended 31 December 2014. In addition, the CIP
provides for the Remuneration Committee to provisionally award up
to four Matching Shares for each Investment Share conditionally
awarded, subject to the satisfaction of certain conditions.
The Investment Share awards will vest and be released at the end
of a three year holding period, subject to Mr Dixon and Mr Yates
respectively being continuously employed with the Regus group
during that period.
The release of the Matching Share awards will be partly subject
to the satisfaction of earnings per share targets and partly
subject to satisfaction of Total Shareholder Return targets and
will vest after a five year holding period.
Further details of the conditions and vesting arrangements of
the CIP can be found in the Directors Remuneration Report, which
forms part of the Annual Report and Accounts for the financial year
ended 31 December 2014.
Date of notification: 5 March 2015
This information is provided by Business Wire
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