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Directors' Share Dealings
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Lincat Group plc (the Company) wishes to announce that on 21 September 2007 it granted 149,500 options under the Company’s Long Term Incentive Plan (LTIP) to certain of its Directors, directors of its subsidiaries and other senior management. The LTIP was adopted on 20 July 2007. No consideration was paid for these options, which have a nil exercise price and are exercisable between 2 January 2011 and 20 September 2017, subject to certain performance criteria.
| The Directors of the Company were granted options under the LTIP and already hold options under the Company’s Sharesave Scheme or ordinary shares in the Company as follows:
| | | | No. of share | | | | No. of options | options held pursuant to the | No. of ordinary | | Name | Position | awarded under the LTIP | Sharesave
Scheme | shares currently held | | | | | | | Paul Bouscarle | Chief Executive | 9,000 | 1,901 | 480,735 | | Terry Storey | Finance Director | 15,000 | 1,901 | 2,026 | | Stephen Mitchell | Director | 18,000 | 1,901 | - |
As at 21 September 2007, the Company has granted options over up to 2.8 per cent of its issued share capital under the LTIP and 2.3 per cent of its issued share capital under the Sharesave Scheme. |
24 September 2007
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