Director Shareholding
April 13 2010 - 2:00AM
UK Regulatory
TIDMMRX
RNS Number : 0600K
Metalrax Group PLC
13 April 2010
13 April 2010
Metalrax Group PLC ("Metalrax", the "Company" or the "Group")
Director Shareholding
Metalrax, the niche supplier of specialist engineering and consumer durable
products, today received notification, that, on 12 April 2010, Andrew
Richardson, Chief Executive, was 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"). The Options granted relate to the financial year
ended 31 December 2008. 720,720 share options were granted under this plan in
respect of the financial year ended 31 December 2007 on 10 April 2008.
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 two year period commencing 1 January 2010 (the "Performance
Period"). 100% of the Options will vest if the Adjusted EPS is 1p per ordinary
share of the Company at the end of the Performance Period. The exercise price
for all Options awarded on 12 April 2010 will be 10p per ordinary share of the
Company.
Director Date Number of
Performance Existing beneficial
Options granted period interest (in ordinary
shares of the
Company)
Andrew Richardson 12 April 2010 2,100,000 2
years 112,000
EPS means the basic earnings per share of the Company as stated in the audited
consolidated financial statements of the Group calculated by dividing the
consolidated post-tax profits of the Group for the relevant financial year by
the weighted average of ordinary shares of 5p each in the Company that are
outstanding during that year. Only the share option costs are to be included as
exceptional costs in calculation of Adjusted EPS.
For further information:
Metalrax Group PLC
Andrew Richardson, Chief Executive 0845 030
3300
Arden Partners plc
Steve Douglas
0121 423 8900
Matthew Armitt
0207 614 5917
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSBUGDSLDBBGGD
Metalrax Group (LSE:MRX)
Historical Stock Chart
From Oct 2024 to Nov 2024
Metalrax Group (LSE:MRX)
Historical Stock Chart
From Nov 2023 to Nov 2024