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Grant of Share Options

19th Jan 2010 15:00

RNS Number : 7937F
Matchtech Group PLC
19 January 2010
 



19 January 2010

Matchtech Group PLC

Matchtech Group PLC (the "Company") announces that its Remuneration Committee has granted the following share awards ("LTIP Awards") in the form of nil-cost options to its Executive Directors on 18 January 2010 at a price of 252.5 pence per share under the Matchtech Group PLC 2006 Long-Term Incentive Plan (the 'LTIP'):-

Name

Number of Shares subject to LTIP Award

Adrian Gunn

25,000

Anthony Dyer

16,000

The LTIP Awards will be capable of release and become exercisable at the end of a three year holding period, subject to the Executive Director being continuously employed and the achievement of corporate performance conditons.

The release of LTIP Awards is subject to the satisfaction of cumulative earnings per share targets over a three year performance period. In addition there will be a Total Shareholder Return underpin.

-Ends-

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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