Director/PDMR Shareholding
RPS Group Plc announces that the Remuneration Committee has granted the
following nil cost share awards under the RPS Group Plc Long-Term Incentive Plan
("LTIP") to the Executive Directors.
Awards were made on 14th March 2007 at a price of £2.9225 per ordinary share as
follows:-
| Executive Director |
LTIP Award as %ge of Salary
|
Share Price on Grant |
Face Value of LTIP Awards |
Number of Shares subject to LTIP Awards |
| Dr Alan Hearne |
100% |
£2.9225 |
£365,000 |
124,893 |
| Peter Dowen |
80% |
£2.9225 |
£176,000 |
60,222 |
| Andrew Troup |
80% |
£2.9225 |
£156,000 |
53,378 |
| Phil Williams |
80% |
£2.9225 |
£176,000 |
60,222 |
| Gary Young |
80% |
£2.9225 |
£144,000 |
49,272 |
The shares subject to the LTIP awards will only be released to the Executive Directors in three years time subject to their continued employment and the satisfaction of the earnings per share growth targets. 12.5% of shares will be released for eps growth of 3% per annum over RPI, with a full release only occurring for eps growth per annum over RPI of 10% or above.