Director's Share Options

RNS Number : 7138E

Maintel Holdings PLC

24 December 2009

 

Maintel Holdings Plc ("Maintel" or "the Company")

Directors' share options

On 23 December 2009 the directors granted to Dale Todd, the Company's Finance Director, an option over 10,000 shares, which equates to 0.09% of the issued share capital of the Company, with an exercise price of 145p.  The option vests and may be exercised from the date of grant.  The option expires on 23 December 2019.

Mr Todd currently holds 3,544 shares in the Company beneficially, has an existing option over 10,000 shares and is interested in 47,635 shares in his capacity as a trustee of the Maintel Holdings Plc Share Incentive Plan.

In aggregate, options have been issued over 2.69% of the current issued share capital, with a maximum of a further 1% conditional on Mr Buxton (the Company's Chief Executive) purchasing matching shares in the open market. The number of shares under option and the vesting and exercise prices may be adjusted at the discretion of the Remuneration Committee in the event of a variation in the issued share capital of the Company.  

24 December 2009

Enquiries:

Maintel
Dale Todd - Finance Director	TEL: [phone]
FinnCap
Marc Young / Rhydian Bankes (Corporate Finance)	TEL: [phone]
Tom Jenkins (Corporate Broking)

 

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