4th Nov 2008 14:35
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 27 October 2008, the Board has granted options over 287,500 ordinary shares of 10p each in the Company, all at an exercise price of 165 pence per share. Options were granted to the following Directors:
|
Name |
Position |
Number of Options |
|
David Castle |
Deputy Chairman & Executive Director |
15,000 |
|
Graham Murnane |
Executive Director |
15,000 |
|
Keith Young |
Chief Executive & Finance Director |
15,000 |
The remainder of the options have been granted to senior employees.
All of the options issued above are exercisable from 27 October 2011 until 26 October 2018 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.
The principal terms of the Scheme are unchanged to those stated in the Admission Document of 22 November 2001.
For further information please contact:
Keith Young, CEO & Finance Director T: 0141 307 8400
David Ovens, Noble & Company Limited T: 0131 225 9677
Related Shares:
MUR.L