GMG Game Group

TIDMGMG

RNS Number : 8048J

Game Group PLC

05 July 2011

5 July 2011

THE GAME GROUP PLC

AWARDS UNDER THE GAME GROUP PLC PERFORMANCE SHARE PLAN ("THE PLAN")

The Board of the GAME Group plc ("The Company") announces that on 4 July 2011 the following awards, under the Plan, were granted to Ian Shepherd, Chief Executive and Ben White, Finance Director:

 
 Ian Shepherd   957,446 shares 
-------------  --------------- 
 Ben White      659,574 shares 
-------------  --------------- 
 

The awards will be released to the Directors on the third anniversary of the grant if stretching performance criteria are met. These are as follows:

- Between 10% and 40% of the award will vest depending on the Company achieving a Total Shareholder Return ("TSR") performance between the median and upper quartile of companies in the FTSE 250 Index.

- If the Company achieves its TSR targets then up to a further 60% of an award will vest to the extent that the company achieves its previously stated strategic aims in Online, Digital and Customer Conversion (see 16 February 2011 Strategic Update and 2011 Annual Report and Accounts).

- If the Company's TSR performance is below the median compared to companies in the FTSE 250 Index, then 100% of the award will lapse.

Detailed information on each of the targets is set out below:

 
                     3 Year Target                   Vesting Criteria 
------------------  ------------------------------  -------------------------- 
 Total Shareholder   Performance relative to         Entry point: median 
  Return              companies in the FTSE           TSR = 10% payout 
                      250 Index at the start          Upper quartile TSR = 
                      of the performance period       40% payout 
                      (performance period -           Measurement between 
                      28 April to 27 May).            points on a straight 
                                                      line basis 
------------------  ------------------------------  -------------------------- 
 
 Strategic Action    Stated Aim                      Vesting Criteria 
------------------  ------------------------------  -------------------------- 
 Online Revenue      "Triple multichannel revenues   Maximum of 20% of an 
                      in three years"                 award vesting based 
                                                      on online revenues as 
                                                      a percentage of total 
                                                      revenues. 
------------------  ------------------------------  -------------------------- 
 Digital Revenue     "Generate market leading        Maximum of 20% of an 
                      digital revenues"               award vesting based 
                                                      on digital revenues 
                                                      as a percentage of total 
                                                      revenues. 
------------------  ------------------------------  -------------------------- 
 Conversion          "Increase customer conversion   Maximum of 20% of an 
                      by 1% each year"                award vesting based 
                                                      on growth in conversion 
                                                      levels. 
------------------  ------------------------------  -------------------------- 
 

- ENDS -

Enquiries:

The GAME Group plc: +44 (0)1256 784566

Simon Soffe, Investor Relations and Group Communications Director

Brunswick: +44 (0)20 7404 5959

Jonathan Glass, Natalia Marisova, Ben Fry

This information is provided by RNS

The company news service from the London Stock Exchange

END

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