Performance Incentive Plan
September 07 2006 - 3:03AM
UK Regulatory
RNS Number:6098I
Benfield Group Limited
07 September 2006
Executive Participation in 2003 Performance Incentive Plan
In accordance with Disclosure Rule 3.1.4R(1)(a), Benfield Group Limited ("
Benfield"), the world's leading independent reinsurance and risk intermediary,
today announces that three Executive Directors have been granted awards under
the Benfield Group Limited 2003 Performance Incentive Plan in respect of
Benfield's Ordinary Shares of 1p each ("Shares"). These transactions were
notified to Benfield today.
The awards made were as follows:
Director Date of Grant Date of Vesting Type of Number of Exercise Total number of
(1) Award Shares Price per Shares over
comprised in Share which Awards
the Award held following
notification
Grahame 20 April 2006(2) 50% on 20 April Options 662,252 1p 738,499
Chilton 2009
50% on 20 April
2011
John Whiter 20 April 20062 50% on 20 April Options 198,675 1p 448,675
2009
50% on 20 April
2011
Paul Karon 7 September 2006 158,000 on 7 Deferred 475,000 N/A 475,000
April 2007 Stock Units
158,000 on 7
September 2008
159,000 on 7
September 2009
Contacts:
Analysts & Investors
Julianne Jessup Benfield +44 (0) 20 7578 7425
Rob Bailhache Financial Dynamics +44 (0) 20 7269 7200
Media
David Bogg Benfield +44 (0) 20 7522 4016
Peter Rigby/David Haggie Haggie Financial +44 (0) 20 7417 8989
Benfield is the world's leading independent reinsurance and risk intermediary.
Its customers include many of the world's major insurance and reinsurance
companies as well as government entities and global corporations. Benfield
operates from more than 40 locations worldwide. Benfield is listed on the
London Stock Exchange under the ticker symbol BFD. www.benfieldgroup.com.
--------------------------
(1) Awards will vest to the extent that applicable performance criteria are met.
(2) Awards granted on this date subject to the relevant Directors entering into
new service agreements. This conditionality has now been satisfied.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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