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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lamprell Plc | LSE:LAM | London | Ordinary Share | GB00B1CL5249 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.88 | 8.78 | 9.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLAM
RNS Number : 1758M
Lamprell plc
11 October 2016
11 October 2016
LAMPRELL PLC
("Lamprell" or "Company" and with its subsidiaries the "Group")
Notification of interests of Persons Discharging Managerial Responsibility (PDMRs) and connected persons
This announcement is made in accordance with the requirements of DTR 3.1.4R(1)(a).
On Appointment awards
The Company has made the following awards to Christopher McDonald following his appointment as Chief Executive Officer of Lamprell and a Director of the Company as from 1 October 2016. In line with an agreement between the Company and Mr McDonald, the Company has agreed to compensate him for unvested share awards that he forfeited as a consequence of joining Lamprell. Subject to fulfilment of applicable conditions, the incentives will vest on the dates detailed below:
Company Plan Shares awarded Grant date Vesting date 01 October Retention share plan 281,761 10 October 2016 2017 01 October Retention share plan 94,452 10 October 2016 2018 01 October Retention share plan 46,811 10 October 2016 2019 Performance share 01 October plan 55,219 10 October 2016 2017 Performance share 01 October plan 102,019 10 October 2016 2018 Performance share 01 October plan 147,331 10 October 2016 2019 Total 727,593
This replacement award has been made on a like-for-like basis, with the incentives exercisable broadly in accordance with the original vesting timeframe which applied to the forfeited awards. This arrangement has been put in place in accordance with LR9.4.2, which allows an individual scheme to be put in place to assist with the recruitment of an executive director, and is consistent with the Directors' Remuneration Policy.
- Ends -
Enquiries:
Lamprell plc Alex Ridout, Company Secretary +971 (0) 4 803 9308 Tulchan Communications, London +44 (0) 207 353 4200 Martin Pengelley Martin Robinson
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHGGGMPUUPQUCG
(END) Dow Jones Newswires
October 11, 2016 02:02 ET (06:02 GMT)
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