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PayPoint plc – Long Term Incentive Awards

PayPoint plc (the “Company”) announces that on 29 May 2014, in accordance with the rules of the PayPoint plc Long Term Incentive Plan (the 'LTIP'), LTIP Awards granted in 2011 vested and Ordinary shares in the Company were released to the Executive Directors and Persons Discharging Managerial Responsibility (‘PDMR’) listed below.

The release of LTIP awards is dependent upon the Total Shareholder Return performance of the Company relative to its comparator group measured over a three year period from the date of grant. The level of vesting for awards granted in 2011 was 100%.

The awards were granted on 27 May 2011 at a price of 495 pence per share. The closing price of Ordinary shares in the Company on the day of release was 1,055 pence per share.

 

Director Awards granted Awards vested Awards deducted in lieu of tax and NI* Balance of Ordinary shares released
George Earle 60,720 60,720 28,539 32,181
Dominic Taylor 96,266 96,266 45,246 51,020
Tim Watkin-Rees 55,555 55,555 26,111 29,444

 

PDMR Awards granted Awards vested Awards deducted in lieu of tax and NI* Balance of Ordinary shares released**
Jon Marchant 9,696 9,696 4,558 5,138

 

* Tax and National Insurance liability will be satisfied by the Company in cash

**In lieu of the release of Ordinary shares, the Company made a cash award to the PDMR in a sum equivalent to 1,055 pence per share.

Enquiries:
Susan Court
Company Secretary
PayPoint plc
Tel: +44 (0)1707 600316

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