31st May 2005 07:00
Murgitroyd Group PLC31 May 2005 31 May 2005 Murgitroyd Group PLC ('the Group') Grant of Options The Group announces that on 27 May 2005, pursuant to the Group's unapprovedExecutive Share Option Scheme ('the Scheme'), the Board granted options over240,000 ordinary shares of 10p each in the Company, all at an exercise price of181 pence per share. Options were granted to the following directors: Name Position Number of Options Keith G Young Chief Executive and Finance Director 20,000 David WJ Castle Executive Director 40,000 Roisin MP McNally Executive Director 10,000 The remainder of the options have been granted to senior employees. All of the options issued above will be exercisable from 27 May 2008 until 26May 2015 with the condition, as noted in the latest Annual Report and Accounts,that there is a greater than inflationary improvement in the Group's earningsper share between the date of grant and the first date of exercise. The principal terms of the Scheme are unchanged to those stated in the AdmissionDocument of 22 November 2001. Keith Young, Murgitroyd Group PLC 07802 951913/0141 307 8400Alasdair Robinson, Noble & Company Limited 0131 225 9677 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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