Kentz Corporation Limited
Long Term Incentive Plan (LTIP) awards
London, 26 January 2012: Kentz Corporation Limited ("Kentz (LSE: KENZ.L - news) " the "Company"), the holding company of the Kentz engineering and construction group ("the Group"), has been notified that Christian Brown, who has been appointed as Chief Executive of the Company effective from 1 February 2012, was on 25 January 2011 granted share awards over 218,075 ordinary shares of 1 pence each in the Company ("Ordinary Shares"). These share awards have been made pursuant to the Company's LTIP scheme and reflect the increase in responsibilities associated with Christian's new role as Chief Executive.
Following this award, Christian has share awards over a total of 363,287 Ordinary Shares and holds no Ordinary Shares.
In accordance with the LTIP scheme rules for conditional awards, the share awards were made based on a share price of 445 pence per Ordinary Share, being the average quoted market price of the Company's shares on the five dealing days prior to the date of grant.
The share awards have been granted on a conditional basis and no shareholder rights will be conferred upon the grantee until the awards have vested. Such vesting is subject to, inter alia, the achievement of the performance criteria of the scheme over the three year measurement period to 31 December 2014 in relation to 30% of the award and the executive's continued employment with the Group over the three year period in relation to the balance.
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Contacts:
Kentz Corporation Limited
Tel: +44 (0)20 3159 4001
Elizabeth Rous
Catríona Nugent
About Kentz
Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors. It is listed on the London Stock Exchange (LSE: LSE.L - news) (symbol: KENZ). In the year ending December 2010, the company generated revenues of US$1.06 billion and profit before tax of US$67.5 million.
Kentz has over 11,500 employees in 28 countries. Its (Euronext: ALITS.NX - news) three main business lines are; specialist engineering, procurement and construction (EPC) services, construction, and technical support services. It has a proven track record of delivering mechanical, electrical, controls and instrumentation engineering, construction and management services in some of the most remote locations on earth.
Please find further information on the Kentz website www.kentz.com


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