Tue 24 May 2011
Panmure Gordon & Co. plc (“the Company”) announces that, following his appointment to the Board today, Philip Tansey, Chief Financial Officer & Chief Operating Officer of the Company, has been granted an award of 400,000 shares under the Company’s Performance Share Plan and an option to acquire 400,000 shares held in the Panmure Gordon & Co. plc No 2 Employee Benefit Trust under the Company’s 2005 Employee Share Option Plan, in accordance with his contract of employment dated 15 March 2011.
The Performance Share Plan award will automatically vest in equal fifths on 31 March 2012, 2103, 2014, 2015 and 2016, subject to continued employment with a group company. The option granted under the 2005 Employee Share Option Plan has an exercise price of 4p per share and will become exercisable on 24 August 2011.
Mr Tansey currently has no other beneficial interest in the ordinary shares of the Company.