Director/PDMR Shareholding

RNS Number : 8517F

Mears Group PLC

14 October 2008

 



Mears Group PLC

('Mears Group')

Option award

On 13 October 2008, Andrew Smith (Finance Director) and David Miles (Director of Social Housing) were each granted 100,000 nil cost options over ordinary shares of 1p each under the Mears 2008 Long Term Incentive Plan ('2008 LTIP'). 

These options are exercisable between 2011 and 2018 dependent upon the satisfaction of certain performance criteria under the terms of the 2008 LTIP. The number of options granted was determined using a share price of 251p per share, being the average closing price of an ordinary share for the three dealing days prior to the date of grant.

Following this grant of options Andrew Smith and David Miles have the following interests in the ordinary shares of Mears: 

	No of Ordinary Shares	% of total voting rights	No of options
Andrew Smith	50,000	0.07	352,809
David Miles	100,000	0.14	354,955

-ends-

Enquiries:

Mears Group PLC 

Bob Holt, Chief Executive
Tel: [phone] 
Andrew Smith, Finance Director
Tel: [phone]   

 

END

 

 

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