Grant of Share Options

Released : 27/01/14 16:30

RNS Number : 6190Y
Matchtech Group PLC
27 January 2014
 



Grant of Share Options

27 January 2014

Matchtech Group PLC

Matchtech Group PLC (the "Company") announces that it has granted the following share awards ("LTIP Awards") in the form of nil-cost options to its Executive Directors on 24 January 2014 under the Matchtech Group PLC 2006 Long-Term Incentive Plan (the 'LTIP'):

Name

Number of shares subject to LTIP Award

Brian Wilkinson

34,896

Adrian Gunn

52,632

Anthony Dyer

34,450

Keith Lewis

34,450

The LTIP Awards will be capable of release and become exercisable at the end of a three year holding period, subject to the Executive Director being continuously employed and the satisfaction of an earnings per share target over a three year performance period.

The following share awards were granted under the Matchtech Group PLC Deferred Annual Bonus Plan:

 

Name

Number of shares subject to Nil Cost Option Award

Adrian Gunn

16,250

Anthony Dyer

10,400

Keith Lewis

10,400

Subject to the Executive Director being continuously employed in the holding period, 50% of the Awards will be capable of release and become exercisable at the end of a one year holding period, with the remaining 50% capable of release and become exercisable at the end of a two year holding period.  

 

 

For further information please contact:

 

Matchtech Group plc 01489 898 989

Adrian Gunn, Chief Executive Officer

Tony Dyer, Chief Financial Officer

 

MHP Communications 020 3128 8100

John Olsen / James White / Giles Robinson

 

Numis Securities Limited 020 7260 1000

Michael Meade / James Serjeant

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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