25 Jul 2012 15:40
Moss Bros Group plc (the "Company")
Grant of SAYE Options
The Company has today been notified that Brian Brick, CEO of the Company, and Robin Piggott, Finance Director of the Company (the "Directors") are intending to participate in the Moss Bros Sharesave Plan 2012 (the "Plan"). Under the terms of the Plan, the Directors are committed to contributing £150 per month each, over a three year period. As at 1st September 2015 the accumulated funds can then be withdrawn from the Plan as cash or used to exercise options over the Company's shares which have been granted at 43.9 pence per share. Assuming full participation in the Plan, each of the Directors will have 12,300 options over the Company's shares.
As at today's date the total beneficial holding of Brian Brick and his connected persons in shares in the Company is 2,219,153 shares which represents 2.2% of the Company's shares. Robin Piggott has a beneficial holding in shares in the Company of 258,213 shares which represents 0.3% of the Company's shares.
For further information please contact:
Moss Bros Group Plc: 0207 447 7200
Robin Piggott, Finance Director and Company Secretary
Peel Hunt LLP: 0207 418 8861
Dan Webster/ Matthew Armitt/ Richard Brown
Buchanan: 0207 466 5000
Charles Ryland/ Nicola Cronk/ Gabriella Clinkard