26 Aug 2010 09:21
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: +44(0)7778 798 816 |
| Andrew Smith, Finance Director | Tel: +44(0)7712 866 461 |
| Joint Broker - Investec, Keith Anderson/Daniel Adams | Tel: +44(0)20 7597 5970 |
| Joint Broker - Collins Stewart, Mark Dickenson/Piers Coombs | Tel: +44(0)20 7523 8350 |
Mears (MER)