Harbour Energy Regulatory News (HBR)

5 Jun 2006 15:09

Holidaybreak PLC05 June 2006 Holidaybreak plc Notification of Interests of Directors Holidaybreak plc ("the Company") announces that on 5 June 2006, conditionalallocations of ordinary shares of 5p each in the Company were made under theterms of the Holidaybreak plc 2006 Long Term Incentive Plan ("LTIP") to theDirectors of the Company as follows: Director EPS shares TSR shares Total number of shares in conditional allocation Carl Michel 18463 7913 26376Robert Baddeley 8830 3784 12614Nicholas Cust 9633 4128 13761Mark Wray 9633 4128 13761Simon Tobin 8830 3784 12614 The percentage of the allocation of LTIP awards eventually to vest is dependenton the satisfaction of performance criteria over a three-year performance periodending 30 September 2008: 70% of the shares (EPS shares) will be subject to a performance condition basedon the Company's growth in EPS relative to the growth in RPI over threefinancial years*. 30% of the shares (TSR shares) will be determined by the Company's TotalShareholder Return (TSR) performance relative to the other companies comprisingthe FTSE 250 (excluding investment companies)**. The conditional allocations shown above represent the maximum potential awardpossible if all performance criteria are met at the end of the three-yearperformance period. If and to the extent that the performance criteria are metat the end of the three-year performance period, the relevant number of shareswill be transferred to executives. * The maximum allocation of EPS shares only vests if the Company's growth in EPSexceeds growth in RPI over the three-year period at or above 24%. No shares vestif the growth in EPS over RPI is below 9%. Between 24% and 9% shares vest on ascale from 100% to 30%. ** The maximum allocation of TSR shares only vests if the Company's TSR over theperformance period is ranked in the upper quartile in the comparator group. Noshares vest if the Company's TSR over the performance period is ranked belowmedian in the comparator group. Between upper quartile and median in thecomparator group, shares vest on a scale from 100% to 30%. Following the above allocations the directors have notified their interests inthe share capital of the Company in accordance with Disclosure Rule 3.1.2 (R)and section 324 of the Companies Act as follows: Director No. of No. of No. of shares in conditional shares options allocations under 2006 LTIP Carl Michel 1,000 nil 26376Robert Baddeley 32,678 140,622 12614Nicholas Cust 3,844 145,668 13761Mark Wray 12,772 144,450 13761Simon Tobin nil 136,271 12614 Holidaybreak plc has today received notification from Mourant ECS Trustees(Jersey) Limited ("Mourants"), as trustee of the Holidaybreak plc EmployeeBenefit Trust, that it sold 71,103 ordinary shares in Holidaybreak plc.Holidaybreak plc has also received notification from Holidaybreak TrusteeLimited, as trustee of The Holidaybreak Employee Trust ("the Trust"), that ittoday purchased 71,103 ordinary shares in Holidaybreak plc in respect of theHolidaybreak plc 1996 Unapproved Share Option Scheme ("the Scheme"). RobertBaddeley, Nicholas Cust, Mark Wray and Simon Tobin have an interest in theshares purchased by the Trust by virtue of their being participants in theScheme and Carl Michel, Robert Baddeley, Nicholas Cust, Mark Wray and SimonTobin have an interest in shares held by Mourants by virtue of their beingparticipants in the LTIP. This information is provided by RNS The company news service from the London Stock Exchange