Director/PDMR Shareholding

RNS Number : 6746R

Mears Group PLC

26 August 2010

 



Mears Group PLC

("Mears" or the "Group")

Option Grant

On 24 August 2010, Andrew Smith (Finance Director), David Miles (Chief Operating Officer) and Alan Long (Executive Director) were granted 130,000 , 175,000 and 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 with an exercise price of one pence per share and are exercisable between 2013 and 2020 dependent upon the satisfaction of certain performance criteria under the terms of the 2008 LTIP.

Following this grant of 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	0.06	578,481
David Miles	100,000	0.12	629,954
Alan Long	4,108	0.00	411,680

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]

 

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