RNS Number : 8949D
  Maxima Holdings PLC
  19 September 2008
   


    Immediate Release                                                                                                                       
           19th September 2008

    Maxima Holdings plc (the "Company")

    LTIP Awards

    Maxima Holdings plc announces that on 19th September 2008 the Remuneration Committee has granted the following conditional nil cost
share awards to Directors under the Maxima Holdings PLC Long-Term Incentive Plan (the "LTIP") approved by shareholders on 19th September
2008.

    In accordance with the rules of the LTIP, LTIP awards were granted on 19th September 2008 at a price of �1.84 per ordinary share (the
closing share price on 18th September 2008) as follows:

      Name        Number of Ordinary Shares subject to the
                                 LTIP Award
 Kelvin Harrison                  108,695
 John Taylor                       76,086
 Boris Huard                      130,434

    Pursuant to the LTIP award to Boris Huard the 310,000 options granted to him on 8th November 2007 at an exercise price of �3.035 have
been cancelled.

    The shares subject to the LTIP awards will be released and become exercisable in three years time subject to continued employment and
the satisfaction of performance criteria.

    50% of an LTIP Award will be subject to Comparative Total Shareholder Return ("TSR") against a Comparator Group of Companies, with 30%
of the shares released if the Company's TSR performance is at the median of the Comparator Group and 100% of the shares released if the
Company's TSR performance is in the upper quartile.

    The other 50% of an LTIP Award will be subject to the Company's average annual growth in Earnings per Share ("EPS"), with 30% of the
shares released if the average annual EPS growth is above RPI +10% and 100% of the shares are released if the average annual EPS growth is
RPI +16%.

                                                                                                          ENDS
    
 


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
RDSLLMATMMTBBTP
Maxima Holdings (LSE:MXM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Maxima Holdings Charts.
Maxima Holdings (LSE:MXM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Maxima Holdings Charts.