NMCN PLC Performance Share Plan Awards (1622X)
26 Abril 2019 - 01:02AM
UK Regulatory
TIDMNMCN
RNS Number : 1622X
NMCN PLC
26 April 2019
nmcn PLC
26 April 2019
nmcn PLC
Performance Share Plan Awards
nmcn PLC ("nmcn" or "the Company" or "the Group") announces that
the following share awards over ordinary shares of 10p each in the
Company ("Shares") were yesterday granted under the nmcn PLC
Performance Share Plan ("PSP"):
Director Position Number of Share
Awards Granted
John Homer Chief Executive 61,403
Chief Financial
Dan Taylor Officer 35,653
Andy Langman Executive Director 31,692
Stuart Proud Executive Director 31,692
The PSP was approved by the Company's shareholders at the
Company's AGM on 19 May 2016.
These awards are subject to a performance condition which will
be based on the Group's aggregate adjusted profit before tax and
which will be measured over the three financial years of the
Company 2019, 2020 and 2021. The normal vesting date for these
awards will be 26 April 2022, subject to the satisfaction of the
performance condition, and any vested shares will be subject to a
two-year holding period.
The number of shares within the awards shown above (which allow
for the acquisition of shares at nil-cost to the extent that the
performance condition is achieved) were calculated using the
Company's 3-day average share price to the close of business on 25
April 2019 (520.00 pence).
For further information please contact:
nmcn PLC - 01623 515 008
John Homer, Chief Executive
Dan Taylor, Chief Financial Officer
This disclosure is made in accordance with Article 19 of the EU
Market Abuse Regulation 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHZMGZDVKLGLZM
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