16th Nov 2007 12:24
Mears Group PLC16 November 2007 Mears Group PLC 16 November 2007 For immediate release Mears Group PLC ("the Company") Special Incentive Plan The Company is pleased to announce that the Resolution to approve the MearsGroup 2007 Special Incentive Plan was duly passed at the Extraordinary GeneralMeeting of the Company held today, 16 November 2007. The principal terms of the plan which will now be implemented are as set out inthe EGM Notice Circular with an additional vesting hurdle requiring theCompany's total shareholder return to exceed the return of the FTSE All ShareSupport Services Sector over a three year performance period from the date ofgrant. Accordingly today the Company has granted options over 7,945,559 Ordinary Sharesat 320p per share to Bob Holt. Enquiries: Mears Group PLCReg Pomphrett01453 511911 InvestecKeith Anderson020 7597 4000 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mears