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

(END) Dow Jones Newswires

April 26, 2019 02:02 ET (06:02 GMT)

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