Director's Dealings

RNS Number : 4090K

Fairpoint Group PLC

19 April 2010

 



Fairpoint Group plc ("Fairpoint" or "the Company")

Director's Dealings

Fairpoint announces that on 16 April 2010 it has granted share options to Chris Moat, Andy Heath and Derek Oakley under the Fairpoint Group plc Save As You Earn ("SAYE") Scheme.  Each director has been granted 12,964 options at an exercise price of 70p per 1p ordinary share.  The SAYE Scheme is a three year scheme, open to all employees of the group, commencing on 1^st June 2010 and completing on 31^st May 2013. The options vest on 31^st May 2013 and must be exercised within six months of the end of the scheme.

Following the grant of the options Mr. Moat has an interest in 184,864 ordinary shares and 1,297,964 options, Mr. Heath has an interest in 21,000 ordinary shares and 272,964 options and Mr. Oakley has an interest in 817,324 ordinary shares and 465,714 options.

Enquiries:

Fairpoint Group Plc                                      0845 296 0137

Chris Moat, Chief Executive Officer               084 5296 0200
Andy Heath, Finance Director                        

Shore Capital (Nomad and Joint Broker)

Guy Peters                                                      020 7408 7912

Edward Mansfield

Oriel Securities (Joint Broker)

Tom Durie                                                       020 7710 7600

Emma Griffen

Financial Dynamics                                        

Nick Henderson                                              020 7269 7114

Laura Pope                                                     020 7269 7243

 

END

 

 

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