REG - Trifast PLC - NOTIFICATION OF SHARE AWARDS

TrifastAnnouncement

22/06/2018 10:20

RNS Number : 2466S
Trifast PLC
22 June 2018
 


 
Friday, 22 June 2018
 
 
 
Trifast plc
(the "Company")
 
NOTIFICATION OF SHARE AWARDS
 
 
The Company announces that, further to the terms set out in the Company's Remuneration Policy, the Remuneration Committee has granted the following LTIP awards to the Executive Directors in the form of ordinary shares of 5p each in the Company ("Ordinary Shares") under the terms of the Year End 2018 Long Term Incentive Plan Scheme, and these awards have been accepted by the Executive Directors.  The scheme includes a three-year vesting period for these awards as well as an ongoing corporate performance requirement for the period until vesting.  No payment will be made for the grant or vesting of these awards.
 




Name


Position


Number of deferred share bonus awards1




Mark Belton


Chief Executive Officer


216,346




Clare Foster


Chief Financial Officer


165,865




Geoff Budd2


Managing Director, TR Europe


151,442




Glenda Roberts


Group Sales Director


151,442




 
1 Calculated using a share price of £2.08 being the share price on the last business day prior to the grant date of 30 September 2017 to which the 'Year End 2018 Long Term Incentive Plan Scheme' relates
2 Retired from the Board 31 March 2018
 
 




Enquiries:




Trifast plc




Lyndsey Case
Company Secretary
Tel: +44 (0) 1825 769696
www.trifast.com




 




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