10 Mar 2010 10:14
Murgitroyd Group PLC ("the Group")
Grant of options
The Group announces that, pursuant to the Group's unapproved Executive Share Option Scheme ("the Scheme"), and as approved by the Remuneration Committee on 25 February 2010, the Board has granted options over 166,000 ordinary shares of 10p each in the company, all at an exercise price of 247.5 pence per share. Options were granted to the following Directors:
| Name | Position
| Number of Options |
| David Castle | Deputy Chairman and Executive Director | 10,000 |
| Grahma Murnane | Executive Director | 10,000 |
| Keith Young | Chief Executive and Finance Director | 10,000 |
The remainder of the options have been granted to senior employees.
All of the options issued above are exercisable from 26 February 2013 until 25 February 2025 with the condition, as noted in the latest Directors' report and financial statements, that there is a greater than inflationary improvement in the Group's earnings per share between the date of grant and the date of exercise.
For further information please contact:
| Keith Young, CEO & Finance Director | T: 0141 307 8400 |
| David Ovens, Execution Noble & Company Limited | T: 0131 225 9677 |