31 Mar 2009 16:34
FOR IMMEDIATE RELEASE
31 March 2009
Melrose Resources plc
Director/PDMR Shareholding
Notification of Awards under the Melrose Resources plc Performance Share Plan
Melrose Resources plc (LSE: MRS) ("Melrose" or "the Company") announces the following grant of awards ("Awards") in the form of nil-cost options under the Company's Performance Share Plan ("PSP") on 30 March 2009 at a price of 200p, the opening share price of the Company on that day.
| Name | PSP Awards outstanding at 27 March 2009 | PSP Awards granted on 30 March 2009 | Total PSP Awards outstanding at 30 March 2009 | Total other share options outstanding at 30 March 2009 |
| Robert F M Adair | 175,988 | 147,000 | 322,988 | 112,065 |
| David F Archer | 167,504 | 136,200 | 303,704 | 80,852 |
| Diane M V Fraser | 76,211 | 126,000 | 202,211 | 89,307 |
| David H Thomas | 276,505 | 193,800 | 470,305 | 0 |
| Alasdair N Robinson | 68,168 | 59,925 | 128,093 | 0 |
Notes
1. The Awards will vest on 30 March 2012, but only to the extent that certain performance criteria based on the Company's relative and absolute total shareholder return are satisfied over three financial years commencing with the current financial year;
2. No consideration is payable on the grant or vesting of the Awards;
3. The Company has 110,086,888 ordinary shares in issue;
4. On 30 March 2009 the Company also granted to other employees 568,177 Awards under the PSP at a price of 200p, and 667,057 awards under the Phantom Share Option Scheme at a price of 200p exercisable from 30 March 2012 to 30 March 2019;
5. The Company now has a total of 4,272,481 share options outstanding, under all share option plans (including those which may be settled by cash means), representing 3.88% of the issued ordinary share capital;
6. The notification of these Awards is intended to satisfy the Company's obligations under the FSA's Disclosure and Transparency Rule 3.1.4.
For further information please contact:
| Melrose Resources plc Alasdair Robinson, Group Company Secretary | 0131 221 3360 |
| Buchanan Communications Ben Willey, Ben Romney | 0207 466 5000 |
or visit www.melroseresources.com