Grant Option

RNS Number : 1670I

Mountfield Group plc

20 July 2012

 



Mountfield Group PLC

("Mountfield" or "the Company")

Grant of Option

Mountfield (AIM: MOGP) announces that on 20 July 2012 the Board approved the grant of an option ("Share Option") over 1,450,000 ordinary shares of one penny each in the Company ("Ordinary Shares") to Tom Spanner, a non executive director of the Company.

The Share Option is to subscribe for new Ordinary Shares in the Company and the exercise price is 2 pence per Ordinary Share. The closing mid market price of the Ordinary Shares on 19 July 2012 was 1.75p. The Share Option is exercisable between 31 August 2012 and 31 August 2015.

After granting the above share options, Tom Spanner's interest in the share capital of the Company comprises this option over 1,450,000 Ordinary Shares.

Enquiries:

Mountfield Group Plc

Graham Read, Chief Executive Officer                             01268 561 516

WH Ireland Limited (Nominated adviser)

Chris Fielding, Head of Corporate Finance                       020 7220 1650

 

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