We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pro Global Ins. | LSE:PROG | London | Ordinary Share | GB00B1Z5KB73 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.00 | 13.00 | 15.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPROG
RNS Number : 5564S
Pro Global Insurance Solutions PLC
22 December 2016
Pro Global Insurance Solutions plc
Amendment to share award scheme
Pro Global Insurance Solutions plc (the "Company") announces that the independent board directors of the Company (the "Independent Directors") have approved certain amendments to the Pro Performance Share Plan 2007 following the announcement of the proposed sale of the shares in its outsourcing and consulting businesses (the "Sale").
The Independent Directors have approved the following amendments respect to the Pro Performance Share Plan 2007:
- The original performance conditions of the 2.5 million shares granted under this plan to Artur Niemczewski, CEO, has been supplemented by alternative performance conditions more reflective of the key success indicators of the Company for the current time. The alternative performance conditions relate to 1.5 million shares of the 2.5 million shares granted to Mr Niemczewski under this plan.
- A minimum of 41.67% of the shares granted to employees and directors will vest, whether or not performance conditions have been met, in the event of the completion of the Sale.
A total of three million shares are outstanding under the Pro Performance Share Plan 2007. The table below shows relevant PDMRs who these awards are allocated to.
PDMR Total share Total share awards, awards % of total shares outstanding ------------------- ------------ -------------------- Artur Niemczewski 2,500,000 2.2% ------------------- ------------ -------------------- Richard Lawson 250,000 0.2% ------------------- ------------ -------------------- Mory Katz 250,000 0.2% ------------------- ------------ --------------------
Enquires
Pro Global FWD PR - Matt Beasley 020 7623 2368 -------------------------------------- -------------- Peel Hunt LLP (nominated adviser and broker) James Britton Rishi Shah 020 7418 8900 -------------------------------------- --------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUUOARNRAUURA
(END) Dow Jones Newswires
December 22, 2016 02:15 ET (07:15 GMT)
1 Year Pro Global Ins. Chart |
1 Month Pro Global Ins. Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions