Performance Share Plan

28 Jun 2007 13:28

Melrose Resources PLC28 June 2007 Immediate Release 28 June 2007 MELROSE RESOURCES plc ("the Company") Notification of Awards under the Melrose Resources plc Performance Share Plan Melrose Resources plc (LSE: MRS) ("Melrose") announces the following grant ofawards ("Awards") in the form of nil-cost options under the Company'sPerformance Share Plan ("PSP") on 27 June 2007. Name Total share options Granted on 27 Total share options outstanding as at 26 June June 2007 under outstanding as at 27 June 2007 PSP 2007R F M Adair 112,065 94,170 206,235 D F Archer 80,852 89,686 170,538 J M M Sutherland 352,879 107,623 460,502 D H Thomas 0 167,414 167,414 Notes 1 The Awards will vest on 27 June 2010, but only to the extent thatcertain performance criteria based on the Company's relative and absolute totalshareholder return are satisfied over three financial years commencing with thecurrent financial year; 2 No consideration is payable on the grant or vesting of the Awards; 3 A further 245,750 Awards were granted to senior employees of the Company on 27 June 2007; 4 The Company has 109,972,891 Ordinary Shares in issue; 5 The Company now has a total of 2,432,531 share options outstanding, under all share option plans, representing 2.21% of the issued Ordinary Share Capital; 6 The notification of these Awards is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4. For further information please contact: Melrose Resources plc 0131 221 3360Robert Adair, Executive ChairmanDavid Thomas, Chief ExecutiveMunro Sutherland, Finance Director Buchanan Communications 0207 466 5000Tim ThompsonBen Willey or visit www.melroseresources.com This information is provided by RNS The company news service from the London Stock Exchange