TIDMABB
RNS Number : 6256R
Abbey Protection PLC
01 May 2009
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1 May 2009
Abbey Protection plc LTIP and CSOP options
Long Term Incentive Plan ("LTIP") - Director's interest
The Board of
Abbey Protection PLC today announces that it has approved an award of 173,913
(0.17%) Abbey Protection PLC ordinary 1p shares at nil cost per share under the
Abbey Protection PLC LTIP to Adrian Green, the Group's Finance Director. Mr
Green continues to be interested, as defined by the AIM Rules, in 1,782,528
ordinary shares in the Group, representing 1.78% of the Group's issued share
capital.
Under the terms of the LTIP, participants are required to remain employees
of the Company for a minimum of three years from the date of award before
options under the scheme vest.
Long Term Incentive Plan ("LTIP")
The Board of Abbey Protection PLC today also announces that it has
approved awards which in aggregate total 156,524 (0.16%) Abbey Protection PLC
ordinary 1p shares at nil cost per share under the Abbey Protection PLC LTIP to
five senior managers.
Under the terms of the LTIP, participants are required to remain employees
of the Company for a minimum of three years from the date of award before
options under the scheme vest.
Company Share Option Plan ("CSOP")
The Board of Abbey Protection PLC today also announces that it has approved an
award of 51,724 (0.05%) Abbey Protection PLC ordinary 1p shares at 58p per share
under the Abbey Protection PLC CSOP.
Under the terms of the CSOP, participants are required to remain employees
of the Company for a minimum of three years from the date of award before
options under the scheme vest.
The total number of Abbey Protection PLC 1p ordinary shares in issue is
99,994,773 with each share carrying the right to vote.
Enquiries:
+--------------------------------------------+--------------------------+
| Abbey Protection plc | +44 (0)845 217 8293 |
| Minories House | |
| 2-5 Minories | |
| London | |
| EC3N 1BJ | |
| Colin Davison | |
| Chris Ward | |
| | |
+--------------------------------------------+--------------------------+
| PricewaterhouseCoopers LLP | +44 (0)20 7583 5000 |
| Simon Boadle | |
| Jon Raggett | |
| | |
+--------------------------------------------+--------------------------+
| Financial Dynamics | +44 (0)20 7269 7132 |
| Ed Gascoigne-Pees | +44 (0)20 7269 7114 |
| Nick Henderson | |
+--------------------------------------------+--------------------------+
Notes to Editors
Abbey Protection plc is an integrated specialist insurance and consultancy
group, and the UK's leading supplier of legal and professional fees insurance
products and services to small-to-medium sized enterprises. The Group's
principal products provide protection against costs incurred as a result of
legal actions and HM Revenue & Customs investigations.
Founded in 1992, the Group operates from offices in London, Rugby, Croydon and
Milton Keynes and had 220 employees as at 31st December 2008. Abbey Protection
distributes its products and services through the following divisions: Abbey
Legal Protection, Abbey Legal Services, Abbey Tax Protection, Abbey HR,
Accountax and After The Event Services.
Visit the Abbey Protection website at www.abbeyprotectionplc.com for more
information.
This information is provided by RNS
The company news service from the London Stock Exchange
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