20 February 2014     

TELECITY GROUP PLC

SHARE AWARDS

Telecity Group PLC ("TelecityGroup" or the "Company") announces that its Chief Executive Officer and other Persons Discharging Managerial Responsibilities ("PDMRs") were yesterday granted the following Share Awards over ordinary shares of £0.002 each in the Company ("Shares") .

Performance Share Awards

Performance share awards were granted under The Telecity Group PLC Long-Term Incentive Plan 2012 (the "LTIP") over the Company's Shares as follows:-

Director or PDMR

Position

Number of Share Awards Granted

Michael Tobin

Chief Executive Officer

88,578

Robert Coupland

PDMR

29,596

James Tyler

PDMR

22,386

David Crowther

PDMR

20,648

In terms of LTIP, these awards generally vest over three years subject to the satisfaction of certain performance conditions.

Deferred Bonus Shares

Deferred Bonus Shares relating to performance related annual bonuses earned for 2013 were granted under the Company's Deferred Bonus Plan (the "Bonus Plan") as follows:- 

Director

Position

Number of Deferred Bonus Shares




Michael Tobin

Chief Executive Officer

20,653




The numbers of Deferred Bonus Shares granted are equivalent to the relevant amount of annual bonus earned calculated on the basis of the average price of the Company's Shares for the five trading days prior to the date of grant. Subject to the rules of the Bonus Plan, these Deferred Bonus Shares vest two years from the date the Company's announcement of preliminary results issued on 12 February 2014.

For further information please contact:

Tony Hunter

Company Secretary

Telecity Group PLC + 44 (0)207 603 1515


This information is provided by RNS
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