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Zetar Plc (the 'Company')

Grant of Share Awards

 

 

The Company announces that it was notified on 18 May 2009 by the trustees of the Zetar Plc Employee Benefit Trust (the 'EBT') that, on 18 May 2009, grants of share awards ('Awards') pursuant to the Zetar Plc 2007 Long Term Incentive Plan (the 'LTIP') were made to certain executive directors of the Company over 417,526 ordinary shares of 10p each in the Company ('Ordinary Shares'), as follows: 

 

Director	Award
Ian Blackburn (Chief Executive)	226,804 Ordinary Shares
Clive Beecham (Group Managing Director)	190,722 Ordinary Shares

In addition, Awards under the LTIP over a further 169,103 Ordinary Shares were granted to other employees of the Company. 

In accordance with the LTIP rules for conditional awards, the Awards were made based on a share price of 97 pence per Ordinary Share, being the average mid-market closing price of an Ordinary Share over the month of April 2009. 

 

 The Awards have been granted as a conditional allocation of shares and no shareholder rights will be conferred upon the grantee until the Awards have vested. Such vesting is subject to the achievement of earnings per share growth targets set by the remuneration committee of the Company's board over the three year period to 30 April 2012. 

 

Further details of the Awards will be contained in the Company's report and accounts for the year ended 30 April 2009. 

 

Enquiries:

Zetar Plc                                                                                             Tel: 020 7284 9509

Ian Blackburn (Chief Executive)

        

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