Director/PDMR Shareholding

RNS Number : 0062L

Fairpoint Group PLC

02 January 2009

 

Fairpoint Group plc 

Directors Dealings

Fairpoint Group plc ('Fairpoint' or 'the Group') announces that on 29 December 2008 Derek Oakley, Insolvency Director of the Group, was granted 52,500 options over ordinary shares of 1p each in the capital of the Group under Fairpoint's Performance Share Plan. The options granted to Mr Oakley are exercisable on 31 December 2011. The exercise price for these options is nil per share. Vesting is subject to the following performance criteria: 26,250 options become exercisable if audited annual EBITDA exceeds £10m for any financial year up to and including 2011 and the additional 26,250 are exercisable if audited annual EBITDA exceeds £15m for any financial year up to and including 2011. Following this grant of options Mr Oakley has a total of 412,500 options over ordinary shares of 1p each in the capital of the Group.

Enquiries:
Fairpoint Group plc
Chris Moat, Chief Executive Officer	0845 296	0100
Andy Heath, Finance Director	0845 296	0200
Financial Dynamics
Ed Gascoigne-Pees	020 7269	7132
Nick Henderson	020 7269	7114
Numis Securities
Corporate Broking:  Chris Wilkinson	020 7260	1000
Nominated Adviser: Lee Aston	020 7260	1000

 

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