MRX Metalrax Group

 

TIDMMRX 
 
RNS Number : 3201L 
Metalrax Group PLC 
05 May 2010 
 

5 May 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 4 May 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 2009.  720,720 and 2,100,000 share options were granted under the 
2007 ESOP plan in respect of the financial years ended 31 December 2007 and 31 
December 2008, respectively. 
 
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 2010 (the "Performance 
Period"). 100% of the Options will vest if the Adjusted EPS is 2.1p per ordinary 
share of the Company at the end of the Performance Period. The exercise price 
for all Options awarded on 4 May 2010 will be 5.13p 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       4 May 2010                  4,093,567 
    3 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 
 
 RDSBLGDUBDGBGGS 
 

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