Grant of Share Options

RNS Number : 7937F

Matchtech Group PLC

19 January 2010

 



19 January 2010

Matchtech Group PLC

Matchtech Group PLC (the "Company") announces that its Remuneration Committee has granted the following share awards ("LTIP Awards") in the form of nil-cost options to its Executive Directors on 18 January 2010 at a price of 252.5 pence per share under the Matchtech Group PLC 2006 Long-Term Incentive Plan (the 'LTIP'):-

Name	Number of Shares subject to LTIP Award

Adrian Gunn	25,000
Anthony Dyer	16,000

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 achievement of corporate performance conditons.

The release of LTIP Awards is subject to the satisfaction of cumulative earnings per share targets over a three year performance period. In addition there will be a Total Shareholder Return underpin.  

-Ends-

 

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