26th Jul 2005 16:48
Majestic Wine PLC26 July 2005 26 July 2005 MAJESTIC WINE PLC (the 'Company' or 'Majestic')Grant of options The Company has granted options over ordinary shares in the Company to theexecutive Directors as detailed below under the Group's executive share optionscheme. These options will vest on the achievement of compound EPS growth duringthe holding period in excess of 5% per annum above the retail prices indexexcluding mortgage interest payments (RPIX). The executive Directors have also been granted nil cost options under theCompany's co-investment plan. The options granted under this plan are inproportion to the number of ordinary shares invested by the scheme'sparticipants and will only vest to the extent that targets based on totalshareholder return against a basket of competitor companies are met. Director Shares Date of Executive Exercise Co-investment Exercise Period during Shares under Grant Share Option Price Plan Price which options under option at Scheme exercisable option as 24/07/05 at 25/07/05 25/07/2008 -T How 206,300 25/07/2005 50,000 263.5p 73,275 nil 25/07/2015 329,575 25/07/2008 -S Lewis 89,890 25/07/2005 50,000 263.5p 37,930 nil 25/07/2015 177,820 25/07/2008 -N Alldritt 75,380 25/07/2005 50,000 263.5p 34,482 nil 25/07/2015 159,862 Enquiries: Majestic Wine PLC +44 (0)1923 298200 Nigel Alldritt, Finance Director This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Naked Wine