Option Grant

RNS Number : 7542B

Mears Group PLC

02 November 2009

 



Mears Group PLC

("Mears" or the "Group")

Option Grant

On 28 October 2009, Andrew Smith (Finance Director), David Miles (Chief Operating Officer) and Alan Long (Executive Director) were each granted 100,000 options respectively over ordinary shares of 1 penny each under the Mears 2008 Long Term Incentive Plan ("2008 LTIP"). 

These options were granted at zero cost and are exercisable between 2012 and 2019 dependent upon the satisfaction of certain performance criteria under the terms of the 2008 LTIP.

Following this grant of these options Andrew Smith, David Miles and Alan Long 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	448,481
David Miles	100,000	0.14	494,955
Alan Long	0	0	315,788

  Enquiries:

Mears Group PLC
Bob Holt, Chief Executive	Tel: [phone]
Andrew Smith, Finance Director	Tel: [phone]
Joint Broker - Investec, Keith Anderson/Daniel Adams	Tel: [phone]
Joint Broker - Collins Stewart, Mark Dickenson/Piers Coombs	Tel: [phone]

 

END

 

 

RDSKLLBBKFBLFBB