RNS Number : 2988O
Phoenix IT Group PLC
25 June 2010
THE PHOENIX IT GROUP PERFORMANCE SHARE PLAN 2004
This notification is made in accordance with DTR 3.1.4(1)(a) and (c).
On 24th June 2010, the following awards ("Awards") over ordinary shares in the Company were made under the Phoenix IT Group Performance Share Plan 2004 (the "Plan") to Directors of the Company and other Persons Discharging Managerial Responsibility (together "PDMRs"):
|
Name of Director
|
Number of shares under the Award
|
|
Peter Bertram
|
73,000
|
|
Nick Robinson
|
80,000
|
|
|
|
|
Name of other PDMR
|
Number of Shares under the Award
|
|
Mike Osborne
|
50,000
|
|
|
|
No consideration was paid for the grant of the Awards which is structured as an option with a nil exercise price.
The vesting of an Award is ordinarily subject to continued employment of the participant and the satisfaction of performance conditions set by the Remuneration Committee of the Company over a three year performance period.
The Company was informed of the above transactions relating to Awards on 24th June 2010.
Name of contact and telephone number for queries: Mr William Martin, Company Secretary, 01604 669531.
For and on behalf of Phoenix IT Group plc
William Martin
Date: 25th June 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
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