MRN Morson Grp

 

TIDMMRN 
 
RNS Number : 3395J 
Morson Group PLC 
29 March 2010 
 

 
 
Morson Group PLC ('the Company') 
 
Directors' shareholding 
 
The Company announces that at a board meeting held on 26 March 2010 share 
options over a total of 600,000 ordinary shares of 5p each in the Company were 
granted to the following Directors at a price of 89.5p per share, being the 
closing price on 25 March 2010: 
 
+---------------+------------------------+--------------------+ 
| Director      | Share option scheme    | Number of shares   | 
|               |                        |                    | 
+---------------+------------------------+--------------------+ 
| Kevin Gorton  | Morson Unapproved      | 300,000            | 
|               | Share Option Scheme    |                    | 
|               | 2006                   |                    | 
+---------------+------------------------+--------------------+ 
| Paul Gilmour  | Morson Unapproved      | 300,000            | 
|               | Share Option Scheme    |                    | 
|               | 2006                   |                    | 
+---------------+------------------------+--------------------+ 
 
The above share options are conditional on the achievement of certain 
performance criteria by the Company for the years ended 31 December 2011 and 
2012. 
 
As a result of the grant of these options, these Directors have the following 
interests in the ordinary share capital of the Company: 
 
+----------+------------+----------+----------+---------+----------+ 
| Director | Number     | Number   | Total %  | Total % | Number   | 
|          | of         | of       | of       | of      | of       | 
|          | ordinary   | ordinary | Ordinary | voting  | options  | 
|          | shares     | shares   | issued   | rights  | held     | 
|          | owned on   | co-owned | share    | in the  | over     | 
|          | an         | with the | capital  | Company | ordinary | 
|          | individual | Trustee* |          |         | shares|  | 
|          | basis      |          |          |         |          | 
+----------+------------+----------+----------+---------+----------+ 
| Paul     | 630,000    | 250,000  | 1.94     | 1.39    | 481,942  | 
| Gilmour  |            |          |          |         |          | 
+----------+------------+----------+----------+---------+----------+ 
| Kevin    | 630,000    | 250,000  | 1.94     | 1.39    | 481,942  | 
| Gorton   |            |          |          |         |          | 
+----------+------------+----------+----------+---------+----------+ 
 
* Shares held under the Morson Group PLC Joint Ownership Plan, each of Paul 
Gilmour, Company Finance Director, and Kevin Gorton, Company Managing Director, 
has an interest in 250,000 ordinary shares of 5p in the Company. The beneficial 
interest in the Shares is jointly owned by Mr Gilmour and Appleby Trust (Jersey) 
Limited, as trustee of the Morson Group plc Employee Benefit Trust ("Trustee") 
and Mr Gorton and the Trustee as co-owners. Mr Gilmour and Mr Gorton hold no 
voting rights over the Ordinary Shares prior to the satisfaction of certain 
performance conditions. 
 
| The number of options outstanding has reduced for each of Messrs Gilmour and 
Gorton by 200,000 options as the performance criteria for these options was not 
achieved. Accordingly, prior to the grant of options announced above, both Mr 
Gilmour and Mr Gorton each had 181,942 options over ordinary shares of 5p each 
in the Company. 
 
 
For further information, please contact: 
 
Morson Group PLC 
Ged Mason, Chief Executive                                           +44(0)161 
707 1516 
Paul Gilmour, Finance Director 
Kevin Gorton, Managing Director 
 
 
Brewin Dolphin (NOMAD)                                                +44(0)845 
213 4730 
Matt Davis 
Paul Mason 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSKKCDBDBKDANB 
 

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