Director/PDMR Shareholding
02 Juli 2007 - 5:17PM
UK Regulatory
RNS Number:4672Z
Sheffield United PLC
02 July 2007
2 July 2007
Sheffield United PLC
Long Term Incentive Plan
Sheffield United PLC ("the Company") announces that on 29 June 2007 it made a
grant of an award in the form of a nil cost option over the Company's ordinary
shares of 10 pence each under its newly established Long Term Incentive Plan
("LTIP") to one of its Executive Directors as detailed in the table below.
Total no. of shares
No. of shares subject to awards
Name Role subject to award and options now held
Jason Executive 880,000 880,000
Rockett Director
The above award will ordinarily vest on 29 June 2010 but only to the extent
that certain performance criteria are satisfied by the Company over a three year
performance period. No consideration is payable for the grant of awards under
the LTIP and the receipt of ordinary 10p shares is conditional upon meeting the
performance criteria. It is currently intended that the Company's newly
established Employee Benefit Trust ("EBT") will acquire shares to fulfil any
obligation arising from the vesting of the above award.
For further information:
Sheffield United: 0870 458 0817
Simon Capper
Tavistock Communications: 020 7920 3150
Richard Sunderland
This information is provided by RNS
The company news service from the London Stock Exchange
END
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