Share Incentive Awards
December 12 2007 - 9:15AM
UK Regulatory
RNS Number:7616J
ClinPhone plc
12 December 2007
ClinPhone plc
("ClinPhone" or "the Company")
Share Incentive Awards
12 December 2007 The Board of ClinPhone plc, a leading specialist supplier of
technology solutions to the clinical trials industry, has awarded further
incentives under the Company's Save as You Earn Scheme in the UK, Employee Share
Purchase Plan in the US and Long Term Incentive Plan ('LTIP') to some of the
members of the management team of the Company. Shareholder dilution from these
schemes is mitigated by shares held by the Employee Benefit Trust.
Under the Company's Save as You Earn Scheme in the UK and the Employee Stock
Purchase Plan in the US, employees are granted the ability to participate in a
savings scheme that provides a tax effective means to participate in the
acquisition of shares over a number of years. Employees have been offered the
opportunity to participate in the 2007 award of these schemes. The total
projected commitment from the 2006 and 2007 awards under these schemes is a
maximum of 1,493,693 shares over the next three year period.
Under the 2007 LTIP Award, 1,092,271 shares have been awarded to management.
These shares vest in 3 years providing certain performance criteria are met and
these shares are then subject to a further 1 year lock up. Due to the departure
of some employees and management who surrendered 2006 awards this financial year
622,320 shares have been removed from the LTIP. The Directors of the Company
have not participated in this award but various individuals who are deemed to be
discharging managerial responsibility under the Listing Rules are entitled to
710,564 of the shares under the 2007 LTIP award.
Enquiries:-
ClinPhone plc
Steve Kent - Chief Executive Officer
Scott Brown - Chief Financial Officer
Phone: 0115 955 7333
Fax: 0115 840 6302
Financial Dynamics
Ben Brewerton
Phone: 0207 831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZLLFFDLBFFBX
Clinphone (LSE:CNP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clinphone (LSE:CNP)
Historical Stock Chart
From Jul 2023 to Jul 2024