CPPGroup Plc CPPGroup Plc Long Term Incentive Plan (3686M)
January 20 2016 - 2:00AM
UK Regulatory
TIDMCPP
RNS Number : 3686M
CPPGroup Plc
20 January 2016
20 January 2016
CPPGroup plc
Director Shareholdings
CPPGroup Plc Long Term Incentive Plan
On 19 January 2016, options over ordinary shares of 1p each in
CPPGroup plc ("CPP" or the "Company") were awarded to the following
Directors under the CPPGroup Plc Long Term Incentive Plan 2016 (the
"Plan"):
Name of Director Number of options awarded
------------------- --------------------------
Stephen Callaghan 8,000,000
------------------- --------------------------
Michael Corcoran 5,050,000
------------------- --------------------------
No consideration was paid for the grant of the awards which are
structured as nil cost options.
The vesting of an award is subject to the satisfaction of
performance conditions set by the Remuneration Committee of the
Company. The awards will normally vest following the third
anniversary of the grant and the determination of the performance
conditions, and will then normally remain exercisable until the day
before the tenth anniversary of the date of the grant provided the
individual remains an employee or officer of the Company.
Following the above awards, the directors' total interest in the
Company's shares are as follows:
Ordinary Interests
shares held in unvested
shares under
incentive
plans
------------------- ------------- --------------
Stephen Callaghan 3.000,000 17,000,000
------------------- ------------- --------------
Michael Corcoran 1,875,000 10,675,000
------------------- ------------- --------------
Ruth Evans 208,571 0
------------------- ------------- --------------
The total number of options awarded under the Plan to the
directors and certain other senior employees on this date was
26,050,000.
The total issued share capital of the Group as at the date of
this announcement is 852,833,955.
Roger Canham, Chairman of CPPGroup commented: "Under Stephen's
leadership, CPP is undertaking an operational turnaround and is
implementing a growth strategy to seize the substantial market
opportunity that exists for this business.
"As part of this, we have put in place an objective and
transparent incentivisation structure for our senior management
team, designed to attract and retain the best talent available, and
closely align their performance with the interests of our
shareholders."
Enquiries:
CPPGroup Plc
Lorraine Beavis, Group Company Secretary
Tel: +44 (0)1904 545395
Nominated Adviser and Broker
Numis Securities Limited: Stuart Skinner; Charles Farquhar
Tel: +44 (0)20 7260 1000
Media
Powerscourt Group: Justin Griffiths; Peter Ogden
Tel: +44 (0)20 7250 1446
Notes to Editors
CPP provides a range of assistance based services to customers
in the UK & Ireland and in a number of international markets
across Asia, Europe and Latin America. The Company's core
propositions provide peace of mind for customers covering a range
of areas including lost and stolen credit cards, identity theft,
insurance of mobile devices, and passport and lost luggage
assistance. It currently serves some 4.4 million policies across
all of its markets.
For more information on CPP visit www.cppgroupplc.com
REGISTERED OFFICE
CPPGroup Plc
Holgate Park
York
YO26 4GA
Registered number: 07151159
This information is provided by RNS
The company news service from the London Stock Exchange
END
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