Performance Share Plan
June 28 2007 - 8:28AM
UK Regulatory
RNS Number:2264Z
Melrose Resources PLC
28 June 2007
Immediate Release 28 June 2007
MELROSE RESOURCES plc ("the Company")
Notification of Awards under the Melrose Resources plc Performance Share Plan
Melrose Resources plc (LSE: MRS) ("Melrose") announces the following grant of
awards ("Awards") in the form of nil-cost options under the Company's
Performance Share Plan ("PSP") on 27 June 2007.
Name Total share options Granted on 27 Total share options
outstanding as at 26 June June 2007 under outstanding as at 27 June
2007 PSP 2007
R F M Adair 112,065 94,170 206,235
D F Archer 80,852 89,686 170,538
J M M Sutherland 352,879 107,623 460,502
D H Thomas 0 167,414 167,414
Notes
1 The Awards will vest on 27 June 2010, but only to the extent that
certain performance criteria based on the Company's relative and absolute total
shareholder return are satisfied over three financial years commencing with the
current financial year;
2 No consideration is payable on the grant or vesting of the Awards;
3 A further 245,750 Awards were granted to senior employees of the
Company on 27 June 2007;
4 The Company has 109,972,891 Ordinary Shares in issue;
5 The Company now has a total of 2,432,531 share options outstanding,
under all share option plans, representing 2.21% of the issued Ordinary Share
Capital;
6 The notification of these Awards is intended to satisfy the Company's
obligations under Disclosure and Transparency Rule 3.1.4.
For further information please contact:
Melrose Resources plc 0131 221 3360
Robert Adair, Executive Chairman
David Thomas, Chief Executive
Munro Sutherland, Finance Director
Buchanan Communications 0207 466 5000
Tim Thompson
Ben Willey
or visit www.melroseresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSEADKPAALXEFE
Management Resource Solu... (LSE:MRS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Management Resource Solu... (LSE:MRS)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Management Resource Solutions Plc (London Stock Exchange): 0 recent articles
More Melrose Resources News Articles