Director/PDMR Shareholding

RNS Number : 1310B

Matchtech Group PLC

11 February 2011

 



Grant of Share Options

11 February 2011

Matchtech Group PLC

Matchtech Group PLC (the "Company") announces that its Remuneration Committee has granted the following share awards ("LTIP Awards") in the form of nil-cost options to its Executive Directors on 4 February 2011 at a price of 216.5 pence per share under the Matchtech Group PLC 2006 Long-Term Incentive Plan (the 'LTIP'):-

Name	Number of Shares subject to LTIP Award

Adrian Gunn	25,000
Anthony Dyer	16,000

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 subject to the satisfaction of cumulative earnings per share targets over a three year performance period. In addition there will be a Total Shareholder Return underpin.  

In addition Matchtech Group PLC (the "Company") announces that it has granted the following share awards in the form of nil-cost options to its Executive Directors on 4 February 2011 at a price of 216.5 pence per share under the Matchtech Group PLC 2009 Deferred Share Bonus Plan (the 'DSBP'):-

Name	Number of Shares subject to LTIP Award

Adrian Gunn	12,500
Anthony Dyer	8,000

The DSBP Awards granted, represents 50% of the total Award achievable based upon an Earnings Per Share target for the FY2010.  Half of the Award granted will be capable of release and become exercisable after the first anniversary of the date of grant and the remainder after the second anniversary of the grant, subject to the Executive Director being continuously employed.  The Awards have been granted in a tax efficient manner.

Enquiries:

Arbuthnot Securities

James Steel                             tel: [phone] 

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