MRX Metalrax Group

RNS Number:3776S
Metalrax Group PLC
15 April 2008


15 April 2008


                           Director/PDMR Shareholding

                  Metalrax Group PLC ("Metalrax" or "Company")


Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure and
Transparency Rule:

Metalrax, the niche supplier of specialist engineering and consumer durable 
products, today received notification, that, on 10 April 2008, the following 
individuals who are persons discharging managerial responsibilities ("PDMR") 
were awarded options over ordinary shares of 5p each in the Company (the 
"Options") in accordance with the provisions of the Metalrax 2007 ESOP (the 
"2007 Plan").

Exercise of the Options are, under the rules of the 2007 Plan, subject to the
achievement by the Company of growth in its underlying earnings per share
("EPS") over the three year period commencing 1 January 2008 (the "Performance
Period"). 50% of the Options will vest if the increase in EPS over the
Performance Period equals the increase in Retail Price Index ("RPI") plus 3% per
annum and 100% will vest if the increase in EPS equals the increase in RPI plus
5% or more per annum. Between these two points, awards will vest on a straight
line basis, and there will be no vesting if the increase in EPS is less than the
increase in RPI plus 3% per annum. There will be no re-testing opportunity of
the performance target.

PDMR                    Date                 Number of        Performance     Existing beneficial
                                             Options granted  period          interest(in ordinary 
                                                                              shares of the Company) 


Andrew Richardson       10 April 2008        720,720          3 years         56,000

Michael Stock           10 April 2008        594,594          3 years         30,000

Michael Smith           10 April 2008        432,432          3 years         -

Peter Mason             10 April 2008        324,324          3 years         -

Ian Shergold            14 April 2008        432,432          3 years         -

The exercise price for all Options awarded on 10 April 2008 will be 27.75p and 
28.33p on 14 April 2008.

Metalrax also announces that it received notification on 10 April 2008 that
Andrew Richardson, Chief Executive Officer, was granted a one-off award of
3,963,964 phantom share units with a vesting period of 5 years commencing 1
January 2008 and conditional upon meeting the following total shareholder return
("TSR") condition. 50% of the units will vest if the TSR of the Company compared
to the TSR of a comparator group is ranked at the 50th percentile, and 100% will
vest if the TSR of the Company compared to the TSR of a comparator group is
ranked at the 75th percentile. Between these two points, awards will vest on a
straight line basis, and there will be no vesting if the TSR of the Company
compared to the TSR of the comparator group is ranked below the 50th percentile.
The comparator group will be the companies comprising the FTSE All Share Index.
The value of the vested units will be settled in cash (unless the Remuneration
Committee decides to make payment in shares), and the value of each unit would
be equivalent to the price of a Company share at the date of vesting. No
consideration is payable on vesting of the phantom share units.

Enquiries:

Metalrax Group plc

Andrew Richardson                             Tel: +44 121 433 3444

Arden Partners plc

Chris Fielding                                Tel: +44 20 7398 1600
Steve Douglas                                 Tel: +44 121 423 8900

Hogarth Partnership Limited

Rachel Hirst                                  Tel: +44 20 7357 9477



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

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