28th Jan 2010 17:22
News release
28 January 2010
Midas Capital plc announces initial awards under its Management Incentive Plan
Midas Capital plc ("Midas") announces that on 28 January 2010, following the issue of a trading update and the completion of the sale of its Wealth Management division, awards to subscribe for (in aggregate) up to 7,045,000 Ordinary Shares (the "Awards") were granted under the Midas Capital plc Management Incentive Plan ("MIP").
The MIP was approved by the shareholders of the Company at the general meeting held on 3 June 2009.
The Awards were made to senior members of the Miton and Midas fund management teams and senior managers within the Group. The following Awards were made to Executive Directors of Midas:
|
Name of Executive Director |
Number of Shares over which Initial Award is made exercisable at 0.1p per share |
Number of Shares over which Initial Award is made exercisable at 10p per share |
|
Colin Rutherford |
500,000 |
500,000 |
|
Tony Moore |
250,000 |
200,000 |
The Awards will only vest when certain time limits are reached and are made subject to the satisfaction of performance conditions, including continued employment with the Group.
For further information, please contact:
|
Colin Rutherford, Executive Chairman, Midas
|
07768 053 054
|
|
Roland Cross, Director, Broadgate Mainland
|
020 7726 6111
|
|
James Steel, Arbuthnot Securities Limited
|
020 7012 2000
|
|
(Nominated Advisor and Broker to Midas)
|
|
Web: www.midascapitalplc.com
Related Shares:
MGR.L