RNS Number : 7897N
Hyder Consulting PLC
17 June 2010
HYC.L
HYDER CONSULTING PLC
("Hyder" or "the Company")
Notification of transactions of Directors, persons discharging managerial responsibility and connected persons.
On 16 June 2010, the Company granted awards under the Hyder Consulting PLC 2006 Long Term Incentive Plan (the "Plan") comprising:
(a) An award (in the form of nil cost options) under Part A of the Plan (the "Part A Award") to the persons discharging managerial responsibility listed below, to acquire ordinary shares of 10p each in the Company ("Shares") up to the maximum number detailed below:
|
Name
|
Maximum number of Shares subject to the award
|
Maximum total number of Shares over which options/awards held under all Hyder schemes (including this award)
|
|
Wael Allan
|
20,338
|
49,898
|
|
Graham Reid
|
16,271
|
23,027
|
|
Greg Steele
|
20,338
|
20,338
|
|
Markus Voigt
|
20,338
|
49,898
|
The options the subject of the Part A Awards are capable of exercise three years after grant provided the holder remains employed by the Company or any subsidiary and in respect of sixty percent of those Part A Awards, on achievement of certain targets for growth in earnings per share across the performance period 1 April 2010 to 31 March 2013. No consideration is payable on the grant or exercise of the new options.
(b) An award (in the form of nil cost options) under Part B of the Plan (the "Part B Award") to each of the following executive directors, to acquire Shares up to the maximum number detailed below:
|
Name
|
Maximum number of Shares subject to the award
|
Maximum total number of Shares over which options/awards held under all Hyder schemes including this award)
|
|
Ivor Catto
|
105,084
|
539,736
|
|
Russell Down
|
66,101
|
235,374
|
The options the subject of the Part B Awards are capable of exercise three years after grant subject to the fulfilment of performance conditions based on earnings per share and total shareholder return across the performance period 1 April 2010 to 31 March 2013. No consideration is payable on the grant or exercise of the new options.
Neil Hunt, Company Secretary
Tel: 020 3014 9000
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