Grant of LTIPs

23 Mar 2006 17:20

Mavinwood PLC23 March 2006 23 March 2006 Mavinwood plc Grant of Share Incentives to Directors The Board of Mavinwood plc announces that the following grants of shareincentives over the Company's ordinary shares of 0.1 pence each were made on 23March 2006 to the undermentioned Directors. The share incentives were awarded under the Mavinwood plc Long Term IncentivePlan - ("LTIP"). +---------------+---------------+---------------+---------------+---------------+| Director | Scheme | No. of Shares |Exercise Price |Total number of|| | | | | share || | | | |incentives held|| | | | | following || | | | | notification |+---------------+---------------+---------------+---------------+---------------+| Philip Reid | LTIP | 2,000,000 | 0.1p | 2,746,875 || | | | | |+---------------+---------------+---------------+---------------+---------------+| Kevin Mahoney | LTIP | 9,264,627 | 0.1p | 12,087,815 || | | | | |+---------------+---------------+---------------+---------------+---------------+| Mike Vincent | LTIP | 7,892,091 | 0.1p | 10,297,028 || | | | | |+---------------+---------------+---------------+---------------+---------------+| John Minton | LTIP | 1,000,000 | 0.1p | 1,000,000 || | | | | |+---------------+---------------+---------------+---------------+---------------+| Steve Watkins | LTIP | 500,000 | 0.1p | 500,000 |+---------------+---------------+---------------+---------------+---------------+ In all cases there was no consideration for the LTIP award. The exercise period in respect of grants under the LTIP scheme is from 23 March2009 to 22 March 2016, subject to satisfaction of the applicable performancecriteria which relate to earnings per share growth and total shareholder return. End. This information is provided by RNS The company news service from the London Stock Exchange