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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