Sign In
Last checked at 
11 Feb 2011 17:02
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: 020 7012 2000
-Ends-
Follow the stocks
