ICI » Topics » Long-term incentives

This excerpt taken from the ICI 6-K filed Mar 21, 2007.
Long-term incentives
For the 2004 to 2006 performance period of the Performance Growth Plan (PGP), ICI’s share price growth and dividend yields resulted in a Total Shareholder Return (TSR) that ranked ICI at Position 1 out of the 17 companies in the peer group. At this level of TSR performance the maximum of the TSR related awards made in 2004 will vest. Details of the shares released to individual Executive Directors are set out on page 50.

Three current Executive Directors received an award under the Economic Profit measure of the PGP for the 2004 to 2006 performance period and this is shown on page 50 together with details of the performance achieved.

Details of the share option plan under which options were granted in 2006 are laid out on page 47 and the performance conditions are set out on page 52.

There were no options exercised by current Executive Directors during 2006.

This excerpt taken from the ICI 20-F filed Apr 1, 2005.
Long-term incentives
For the 2002 to 2004 performance period of the Performance Growth Plan, ICIs Total Shareholder Return ranked 14 out of the 17 companies in the Peer Group and, as a result, all awards under the TSR performance measure for this cycle lapsed.
































Two Directors received awards under the Economic Profit measure of the Performance Growth Plan and these are shown on page 48 together with details of the performance achieved.

Share options granted up to and including 2003, under the share option plan approved by shareholders in 1994, were subject to a three-year performance test with subsequent re-testing. This plan has passed its 10-year approval period and no grants have been made since December 2003. The shares to meet options granted under this plan do not dilute ICIs issued share capital as they are bought in the market.

Share options granted in 2004 were made under a new plan approved by shareholders in 2004. Details of this plan are laid out on page 44 and the performance condition set out on page 50. There is no retesting of the Performance Condition.

This excerpt taken from the ICI 6-K filed Mar 16, 2005.
Long-term incentives
For the 2002 to 2004 performance period of the Performance Growth Plan, ICIs Total Shareholder Return ranked 14 out of the 17 companies in the Peer Group and, as a result, all awards under the TSR performance measure for this cycle lapsed.

Two Directors received awards under the Economic Profit measure of the Performance Growth Plan and these are shown on page 48 together with details of the performance achieved.

Share options granted up to and including 2003, under the share option plan approved by shareholders in 1994, were subject to a three-year performance test with subsequent re-testing. This plan has passed its 10-year approval period and no grants have been made since December 2003. The shares to meet options granted under this plan do not dilute ICIs issued share capital as they are bought in the market.

Share options granted in 2004 were made under a new plan approved by shareholders in 2004. Details of this plan are laid out on page 44 and the performance condition set out on page 50. There is no retesting of the Performance Condition.

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