H&T GROUP PLC

Remuneration Information • Jun 24, 2014

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 4235K

H&T Group PLC

24 June 2014

24 June 2014

H&T Group plc

LTIP Award Vesting and Directors' Dealings

H&T Group plc ("H&T" or the "Company") announces that on 24 June 2014, 29,422 ordinary shares in H&T were issued and allotted by the Company to John Nichols, Chief Executive Officer of the Company, and 12,950 ordinary shares in H&T were issued and allotted by the Company to Steve Fenerty, the Company's Finance Director, in satisfaction of the vesting of awards granted on 5 April 2011 under the Company's Long-Term Incentive Plan ("LTIP")(the "Awards").

The vesting of the Awards was subject to the satisfaction of a performance condition based on the Company's total shareholder return. The Awards were made at nil cost to the recipient and were transferred from the Company's Employee Benefit Trust. 

On 24 June 2014, John Nichols and Steve Fenerty sold a proportion of their vested shares in order to settle their net tax liability accruing on vesting. Mr Nichols sold a total of 15,942 ordinary shares in H&T at a price of 170 pence per share and Mr Fenerty sold a total of 7,017 ordinary shares in H&T at a price of 170 pence per share.

Following the vesting of the Awards and the subsequent partial sales, John Nichols' shareholding in the Company is now 1,079,530 ordinary shares in H&T, representing 2.93% of the current issued share capital of the Company. Steve Fenerty's shareholding in the Company is now 305,933 ordinary shares, representing 0.83% of the Company's current issued share capital.

Enquiries: 

H&T Group plc	Tel: +44 (0)870 9022 600
John Nichols, Chief Executive
Steve Fenerty, Finance Director
Numis Securities	Tel: +44 (0)20 7260 1000
Etienne Bottari / Freddie Barnfield - Nominated Advisor
Mark Lander - Corporate Broking
Bell Pottinger Financial & Corporate (Public relations)	Tel: +44 (0)20 7861 3232
Clinton Manning / Emma Kent

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSEALKLAFXLEFF