RNS Number : 3421E
  Stanley Gibbons Group Limited
  25 September 2008
   


    The Stanley Gibbons Group Limited
    25 September 2008




      The Stanley Gibbons Group Limited
      ('Stanley Gibbons' or 'the Company')

      Long Term Incentive Plan (LTIP) Awards

    The Company announces that on 19 September 2008 the following awards were made to Executive Directors under the Company's 2007 Long-Term
Incentive Plan (LTIP). 

    Michael Hall - Chief Executive               105,500

    Mark Henley - Finance Director               46,500

    Richard Purkis - Operations Director         46,500


    The Options were granted for nil consideration. The Option granted to Michael Hall is exercisable at a price of �1.61 being the closing
mid market price on the preceding business day, 18 September 2008. The Options granted to Mark Henley and Richard Purkis are exercisable at
par value.

    The Options will vest on 19 September 2011, subject to the satisfaction of the following performance conditions:

    50% of an award: EPS

    Performance Period

    Vesting of this part of the award will be determined by the Company's adjusted EPS growth over three complete financial years (i.e.
adjusted to allow for the impact of amortisation and non-recurring items). The base year for calculating growth from will be the financial
year ending 31 December 2007.

    Targets

    From the base year, three-year earnings growth will need to be delivered as follows for vesting to take place:

    *     Less than 35% above RPI: no vesting;
    *     35% above RPI: 12.5% of the initial award (25% of the part of the award subject to EPS performance) vests;
    *     75% above RPI: 50% of the initial award (100% of the part of the award subject to EPS performance) vests; and
    *     Straight line vesting takes place between performance points.

    50% of an award: TSR

    Peer Group

    Vesting of this part of the award will be determined by Company's TSR performance relative to the constituents of the FTSE Small Cap
excluding investment trusts (the "comparator group"). 

    Performance Period

    The TSR performance period and comparator group will be set from the date of award for three years.

    Targets

    Vesting will take place as follows based on the Company's relative TSR performance against the comparator group:

    *     Below median: no vesting;
    *     median: 12.5% of the initial award (25% of the part of the award subject to TSR performance) vests;
    *     Upper quartile: 50% of the initial award (100% of the part of the award subject to TSR performance) vests; and
    *     Straight line vesting takes place between performance points.

    To mitigate the impact of short-term movements in share price on the relative TSR condition, there will be a three month averaging of
the base and end total return index values for each company.


    For further information, contact:

    The Stanley Gibbons Group Limited
    Michael Hall, Chief Executive                    01481 708270
    Richard Purkis, Company Secretary                020 7836 8444

    Seymour Pierce Limited
    Jonathan Wright                                  020 7107 8000


This information is provided by RNS
The company news service from the London Stock Exchange
 
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