Grant of Share Options

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

 

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