Director Shareholding
14 Octubre 2003 - 10:17AM
UK Regulatory
RNS Number:8890Q
AGA Foodservice Group PLC
14 October 2003
AGA FOODSERVICE GROUP PLC - AWARDS UNDER THE LONG-TERM INCENTIVE PLAN ("LTIP")
In accordance with the terms of the LTIP, the Company made awards on 13 October
2003 to the directors set out below. There is a range in the number of shares
each director could be entitled to acquire in respect of the awards dependent on
two performance criteria. Firstly on the Company's total shareholder return
("TSR") compared with the TSR of companies in the engineering-general sub sector
of the FTSE All Share Index over a three year performance period. Secondly
subject to the Remuneration Committee being satisfied that there has been a
sustained improvement in the underlying financial performance of the Company
during the performance period. There is a nominal #1 payable on exercise of an
award granted as an option and no charge in respect of an award granted as an
allocation.
The awards for the directors under the LTIP are as follows:-
DIRECTOR MAXIMUM NUMBER OF ORDINARY DATE EXERCISABLE GRANT AWARDED
SHARES AS
W B McGrath 57,021 13 October 2006 Option
S Rennie 40,000 13 October 2006 Option
S M Smith 31,849 13 October 2006 Option
J A George 34,214 13 October 2006 Allocation
This information is provided by RNS
The company news service from the London Stock Exchange
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