Director Shareholding
August 05 2004 - 1:42PM
UK Regulatory
RNS Number:6964B
South Staffordshire Water PLC
05 August 2004
Award of Shares under the Executive Share Option Plan
Following shareholder approval at the AGM on 25 June 2004, it is announced that
on 5 August 2004 the following awards in respect of ordinary shares of 42.5p
each have today been made under the South Staffordshire Plc LTIP:
Number of Shares Option Price(being closing
over which Option price on 4 August2004)
Granted
Elizabeth Swarbrick 6,864 #7.515
This represents the above Directors total holding under the Executive Share
Option Scheme.
In accordance with the plan rules, the options will be exercisable between 5
August 2007 and 5 August 2014 but it will only be possible to exercise them to
their full extent if annual growth in earnings per share of RPI + 3% is
achieved.
5 August 2004
This information is provided by RNS
The company news service from the London Stock Exchange
END
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