ARE Arena Events Group Plc

RNS Number:1627Y
Arena Leisure PLC
12 June 2007

                                        
                                ARENA LEISURE PLC
                                (THE 'COMPANY')
                                        
             Grant of Shares under Long Term Incentive Plan ('LTIP')

The Company announces that on 11 June 2007 awards over 1,275,168 ordinary shares
in the Company were granted to certain employees based on a share price of 
70.65p per share ('the Awards'); the latter being the average mid market closing 
price of the Company's shares over the preceding five days.  The Awards have 
been granted as a conditional allocation of shares and so no shareholder rights 
will be conferred upon the employees until the Awards have vested.

Vesting of the Awards is expected to occur three years after the date of grant, 
subject to the Company achieving absolute adjusted earnings per share ('EPS') 
growth targets for the year ending 31 December 2009 as follows:

Absolute adjusted EPS growth targets            Vesting percentage of the shares
for the year ending 31 December 2009            subject to an Award
   Less than 2.2p                                          0%
             2.2p                                         25%
             3.0p                                         75%
             3.3p                                        100%

Straight-line vesting occurs between 25% and 75% and between 75% and 100%.

The total of Awards granted includes, 389,242 conditional shares granted to 
Mark Elliott (Chief Executive) and 226,468 conditional shares granted to Ian 
Renton (Racing Director).  In addition to these LTIP conditional shares, Mark 
Elliott holds options over a further 2,392,405 ordinary shares of the Company 
('Ordinary Shares'), and Ian Renton holds options over a further 996,835 
Ordinary Shares and owns a further 30,000 Ordinary Shares.

The issued share capital of the Company consists of 364,202,007 ordinary shares
of 5p each.

This grant of Awards represents the first grant made under the LTIP approved by
the Company's shareholders at the Annual General Meeting held on 30 April 2007.



For further information, please contact:

Bob Mercer
Chief Financial Officer and Company Secretary                    020 7495 2277
Arena Leisure Plc




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

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