com:20090916:RnsP1455Z
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RNS Number : 1455Z
KCom Group PLC
16 September 2009
KCOM GROUP PLC
16.09.2009
Grant of executive share awards
KCOM Group plc ('the Company') reports that the Remuneration Committee of the
Board met on 24 July 2009 and agreed to the grant of awards of shares of the
Company to the executive directors utilising the 'Executive Incentive Plan.'
All awards were granted as a nil cost conditional award in the Company. The
awards cannot normally be released until the 3rd, 4th and 5th anniversary of the
date of grant.
Information in respect to the awards to directors is set out in the following
DTR 3.1.4 R notification.
Annex DTR3
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters.
1. Name of the issuer 2. State whether the notification relates to (i) a
transaction notified in accordance with DTR 3.1.2 R,
KCOM Group PLC (ii) a disclosure made in accordance
LR 9.8.6R(1) or
(iii) a disclosure made in accordance with section 793 of the Companies
Act (2006).
DTR 3.1.2 R
3. Name of person discharging managerial 4. State whether notification relates to a person
responsibilities/director connected with a person discharging managerial responsibilities/director
named in 3 and identify the connected person
BILL HALBERT
KEVIN WALSH
PAUL RENUCCI
PAUL SIMPSON
5. Indicate whether the notification is in respect of a holding of 6. Description of shares (including class), debentures or derivatives or
the person referred to in 3 or 4 above or in respect of a financial instruments relating to shares
nonbeneficial
interest 1
7. Name of registered shareholders(s) and, if more than one, the 8. State the nature of the transaction
number of shares held by each of them
9. Number of shares, debentures or financial 10. Percentage of issued class acquired (treasury shares of that class should
instruments relating to shares acquired not be taken into account when calculating percentage)
11. Number of shares, debentures or financial 12. Percentage of issued class disposed (treasury shares of that class should
instruments relating to shares disposed not be taken into account when calculating percentage)
13. Price per share or value of transaction 14. Date and place of transaction
15. Total holding following notification and total percentage 16. Date issuer informed of transaction
holding following notification (any treasury shares should not
be taken into account when calculating percentage)
If a person discharging managerial responsibilities has been granted options by
the issuer
complete the following boxes
17. Date of grant 18. Period during which or date on which exercisable
24 JULY 2009 FOR KEVIN WALSH, PAUL RENUCCI AND PAUL SIMPSON, VESTED
SHARES SHALL BE RELEASED IN RESPECT OF 50% 3 YEARS AFTER
THE DATE OF GRANT, IN RESPECT OF 25% 4 YEARS AFTER THE
DATE OF GRANT AND IN RESPECT OF THE FINAL 25%5 YEARS
AFTER THE DATE OF GRANT. FOR BILL HALBERT, VESTED SHARES
WILL BE RELEASED 3 YEARS AFTER DATE OF GRANT.
19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved (class and
number)
NIL
CONDITIONAL AWARDS OVER ORDINARY SHARES OF 10 PENCE EACH
BILL HALBERT - 7,480,000
KEVIN WALSH - 2,420,000
PAUL RENUCCI - 2,420,000
PAUL SIMPSON - 2,420,000
21. Exercise price (if fixed at time of grant) or 22. Total number of shares or debentures over which options
indication that price is to be fixed at the time of exercise held following notification
THE PECENTAGE OF AWARD SHARES THAT BECOME VESTED AWARD BILL HALBERT - 7,480,000
SHARES ON THE VESTING DATE SHALL BE CALCULATED BASED ON THE KEVIN WALSH - 2,420,000
HIGHEST TSR DURING THE AWARD PERIOD. AT 45 PENCE, 10% OF PAUL RENUCCI - 2,420,000
AWARD SHARES WILL VEST. BETWEEN 45 PENCE AND 100 PENCE, PAUL SIMPSON - 2,420,000
VESTING WILL TAKE PLACE ON A "STRAIGHT LINE" BASIS BETWEEN
10% AND 100%. 100 PENCE AND OVER, 100% OF AWARD SHARES WILL
BECOME VESTED SHARES. ALL VESTING IS SUBJECT TO THE
DISCRETION OF THE REMUNERATION COMMITTEE THAT THE COMMITTEE
IS SATISFIED THERE HAS ALSO BEEN A DEMONSTRABLE AND
SUSTAINED IMPROVEMENT IN THE COMPANY'S PERFORMANCE BETWEEN
THE DATE OF GRANT AND THE RELEVANT VESTING DATE.
23. Any additional information 24. Name of contact and telephone number for queries
NICOLA MILLER - 01924 882839
Name of authorised official of issuer responsible for
making notification: PAUL SIMPSON
Date of notification 16 SEPTEMBER 2009
Notes: This form is intended for use by an issuer to make a RIS notification
required by DR 3.3.
(1) An issuer making a notification in respect of a transaction
relating to the shares or debentures of the issuer should
complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative
relating the shares of the issuer should complete boxes 1 to
4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options
granted to a director/person discharging managerial
responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial
instrument relating to the shares of the issuer (other than
a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13,
14, 16, 23 and 24.
This information is provided by RNS
The company news service from the London Stock Exchange
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