Director's Interests
ACM announces that on 7 January 2009 the Remuneration Committee granted the following conditional nil cost share awards to Johnny Plumbe, Chief Executive Officer of the Company, under the ACM Shipping Group plc 2007 Long-Term Incentive Plan (the 'LTIP').
In accordance with the rules of the LTIP, LTIP awards were granted on 7 January 2009 as follows:
Number of Ordinary Shares subject to the LTIP Award
Johnny Plumbe
206,060
The shares awarded under the LTIP will vest in three years' time subject the satisfaction of certain specific performance conditions linked to Earnings per Share growth and to continued employment.
For further information, please contact:
ACM Shipping Group plc |
|
| Ian Hartley, Finance Director ihartley@acmshipping.co.uk |
Tel: +44 (0) 20 7930 7555 www.acmshipping.com |
| Noble & Company Limited | |
| John Llewellyn-Lloyd, Corporate Finance Sam Reynolds, Corporate Finance |
Tel: +44 (0) 20 7763 2200 Tel: +44 (0) 20 7763 2200 www.noblegp.com |
Media enquiries:
| Abchurch | |
| Joanne Shears / Stephanie Cuthbert stephanie.cuthbert@abchurch-group.com |
Tel: +44 (0) 20 7398 7700 www.abchurch-group.com |
Notes to Editors
ACM is one of the world's principle tanker ship brokers and has established itself as the market leader in oil transportation. The Group's key activities are spot brokerage freight, time charter, project brokerage, sales and purchase, derivatives brokerage, research and consulting.
Established in London in 1982, the Group has since expanded its international operations with offices based in London, Singapore, India and China. ACM employs over 90 brokers and support staff who provide clients with global experience and intimate local knowledge of the world's shipping centres. The Group has a strong network of clients which include major oil producers, independent oil traders, ship-owners and operators. The business has been profitable every year since it was founded.
ACM was admitted to AIM on 6 December 2006. For more information on the Group please visit www.acmshippinggroup.com