Big Yellow Group PLC — Remuneration Information 2015

Jul 21, 2015

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RNS Number : 6871T

Big Yellow Group PLC

21 July 2015

Big Yellow Group PLC

Big Yellow Group PLC - Director/PDMR Shareholding

21 July 2015

Big Yellow Group PLC ("the Company") announces that on 21 July 2015 the following Executive Directors were granted nil paid options under the Company's Long Term Incentive Plan:

Director	Number of ordinary shares of 10p over which options granted	Total number of ordinary shares over which options are held under the LTIP following this notification
Nicholas Vetch	38,112	233,063
James Gibson	41,801	255,613
Adrian Lee	30,980	179,838
John Trotman	30,980	177,775

The options are exercisable from 21 July 2018 to 20 July 2025, subject to performance criteria being met.

2015 LTBPP awards

The Company also announces that on 21 July 2015 the following Executive Directors were granted awards under the Company's 2015 Long Term Bonus Performance Plan ("LTBPP") approved by shareholders at the 2015 AGM.

Under the LTBPP, the Directors will share in an aggregate award of 450% of base salary across all four Directors ("LTBPP Award Pool"), over a three year performance period, subject to meeting performance targets.

Director	% share of LTBPP Award Pool	Maximum award value after three years
Nicholas Vetch	22.5%	£996,900
James Gibson	32.5%	£1,440,000
Adrian Lee	22.5%	£996,900
John Trotman	22.5%	£996,900

The proportion of the LTBPP Award that vests will be converted into nil cost options with the number of shares calculated based on the share price at the date of vesting.  50% of any award that vests (after permitted sales to meet any tax liabilities) will be subject to a further two year holding period (half of the shares must be held for a further year and the other half for a further two years). 

Enquiries:
John Trotman, Chief Financial Officer	01276 477811
Shauna Beavis, Company Secretary	01276 477811

This information is provided by RNS

The company news service from the London Stock Exchange

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