30 Mar 2010 15:48
FOR IMMEDIATE RELEASE
30 March 2010
Melrose Resources plc ("the Company")
Director/PDMR Shareholding
Notification of Awards under the Melrose Resources plc Performance Share Plan
Melrose Resources plc (LSE: MRS) ("Melrose") announces the following grant of awards ("Awards") in the form of nil-cost options under the Company's Performance Share Plan ("PSP") on 29 March 2010 at a price of 310p, the opening share price of the Company on that day.
| Name | PSP Awards outstanding at 28 March 2010 | PSP Awards granted on 29 March 2010 | Total PSP Awards outstanding at 29 March 2010 | Total other share options outstanding at 29 March 2010 |
| Robert F M Adair | 322,988 | 94,839 | 417,827 | 58,011 |
| David F Archer | 303,704 | 87,871 | 391,575 | 36,257 |
| Diane M V Fraser | 202,211 | 81,290 | 283,501 | 60,929 |
| David H Thomas | 470,305 | 125,032 | 595,337 | 0 |
| Alasdair N Robinson | 128,093 | 38,661 | 166,754 | 0 |
Notes
1 The Awards will vest on 29 March 2013, but only to the extent that certain performance criteria based on the Company's relative and absolute total shareholder return, and other conditions, 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 114,668,063 ordinary shares in issue;
4 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 Tim Thompson, Ben Romney |
0207 466 5000 |
or visit www.melroseresources.com
Management Resource Solutions (MRS)