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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nxt | LSE:NTX | London | Ordinary Share | GB0004397567 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9091P NXT PLC 18 September 2003 18 September 2003 NXT PLC NOTIFICATION OF DIRECTORS' INTERESTS As part of an award of a grant of 661,910 share options to senior management under the NXT Incentive Plan ("NTIP"), a grant of 419,481 share options has been made to the three executive directors. The Directors are Chief Executive David Pearson, Finance Director Peter Thoms, and Chief Technology Officer Henry Azima. The NTIP is a performance related Plan approved by the shareholders in January 2002 under which eligible employees' annual bonuses are partly or wholly satisfied in equity. Each year the NXT Remuneration Committee set performance cash flow targets as part of the Budget process. For the year ended 30 June 2003 the actual cash flow performance was 10% ahead of target. The executive directors have elected to take all their bonus in equity as advised in the Circular related to the Rights Issue. Under the Rules of the Plan the equity has been awarded as an option over shares based on their aggregate market value at the end of the performance period to which the bonus relates. The options may only be exercised after three years, and within ten years from their grant. The Remuneration Committee has decided the number of shares subject to the option award should not be grossed up to take account of the recent 1 for 5 rights issue. Director No. of share options Percentage of issued class David Pearson 193,121 0.22 Peter Thoms 122,942 0.14 Henry Azima 103,418 0.12 Date of Grant: 17 September 2003 Exercisable Period: 18 September 2006 - 17 September 2013 Total amount paid for grant of the option: Nil Description of Shares: Ordinary shares of 25p each Exercise Price: #1 for the total grant The total number of shares over which options are held following this notification: Director No. of share options Percentage of issued class David Pearson 313,121 0.35 Peter Thoms 338,942 0.38 Henry Azima 419,418 0.47 Ends For further information, please contact: NXT UK Press Office Tel: +44 (0) 20 7343 4764 Tel: +44 (0) 20 7343 4796 Nick Lockwood, Capital MS&L Tel: +44 (0) 20 7878 3242 Paula Crymble, Capital MS&L Tel: +44 (0) 20 7878 3244 This information is provided by RNS The company news service from the London Stock Exchange END RDSGUUPWBUPWGGR
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