RNS Number : 4931U
  Metalrax Group PLC
  15 May 2008
   

    15 May 2008

    Metalrax Group PLC

    One-off long term incentive plan for the Chief Executive

    On 14 April 2008, Metalrax Group PLC ('Metalrax') announced a one-off award on 10 April 2008 to Andrew Richardson, Chief Executive
Officer, of 3,963,964 phantom share units to facilitate his recruitment and retention over the long term and reward him for the achievement
of demanding performance relating to the successful implementation of the new business strategy. 

    Following discussions with various shareholders, the Remuneration Committee of the Board has decided to amend the commencement of the
five year performance measurement period from 1 January 2008 to 10 April 2008. In other respects, the terms remain as previously announced.

    - ends -

    For further information:

 Metalrax Group PLC                             0121 433 3444
 Andrew Richardson, Chief Executive
 Michael Stock, Group Finance Director

 Arden Partners plc
 Chris Fielding                                 020 7398 1600
 Steve Douglas                                  012 1423 8900

 Hogarth Partnership
 Andrew Jaques / Rachel Hirst / Anthony Arthur  020 7357 9477


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