Business Post Group – Director/PDMR Shareholding
Announcement to the London Stock Exchange
LTIP awards
On 17 July 2006 the following executive directors of the Company, were granted
awards (‘LTIP awards’) entitling them to acquire ordinary shares of 10 pence in
the Company under the Business Post Group Long Term Incentive Plan as summarised
below:
Executive Director Number of shares covered by
LTIP award
Guy Buswell 62,929
Steven Glew 44,622
Alec Ross 48,913
The LTIP awards will normally vest and become exercisable for a period of seven
years from the third anniversary of the grant date, subject to continued
employment and the meeting of earnings per share growth and total shareholder
return, performance conditions.
Appointment long term incentive awards
On 17 July 2006, Messrs Guy Buswell and Steven Glew, each an executive director
of the Company, were granted one off appointment long term incentive awards
(‘appointment awards’) entitling them to acquire ordinary shares of 10 pence
each under individual agreements over 170,000 and 50,000 respectively.
The appointment awards will ordinarily vest and become exercisable for a period
of four weeks from the date on which the Company’s preliminary announcement is
made of its audited results for the financial year ending 31 March 2009, subject
to the grantee’s continued employment and the meeting of an earnings per share
performance condition.
Additional information
The above notifications are made in accordance with DR 3.1.4R(1)(a) and (b).
No consideration was paid for the grant of the LTIP awards or appointment awards
and no payment is due on the vesting and exercise of these awards.
