North Midland Construction PLC Performance Share Plan Awards (4728M)
30 Aprile 2018 - 8:00AM
UK Regulatory
TIDMNMD
RNS Number : 4728M
North Midland Construction PLC
28 April 2018
North Midland Construction PLC
28 April 2018
North Midland Construction Group PLC
Performance Share Plan Awards
North Midland Construction PLC ("North Midland Construction" or
"the Company") announces that the following share awards over
ordinary shares of 10p each in the Company ("Shares") were granted
on 26 April under the North Midland Construction PLC Performance
Share Plan ("PSP"):
Director Position Number of Share Awards
Granted
John Homer Chief Executive 100,000
Dan Taylor Finance Director 58,064
Andy Langman Executive Director 51,612
Stuart Proud Executive Director 51,612
The PSP was approved by the Company's shareholders at the
Company's AGM on 19 May 2016.
These awards are subject to a performance condition which will
be based on the Company's aggregate adjusted profit before tax and
which will be measured over the 3 financial years of the Company
2018, 2019 and 2020. The normal vesting date for these awards will
be 27 April 2021, subject to the satisfaction of the performance
condition.
The number of shares within the awards shown above (which allow
for the acquisition of shares at nil-cost to the extent that the
performance condition is achieved) were calculated using the
Company's 3-day average share price to the close of business on 26
April 2018 (310.00 pence).
For further information please contact:
North Midland Construction Group PLC - 01623 515 008
John Homer, Chief Executive
Dan Taylor, Finance Director
This disclosure is made in accordance with Article 19 of the EU
Market Abuse Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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