Business
Option Grant
Option Grant.
About this update from Mears Group Plc
[{"type":"text","content":"\n RNS Number : 7542B Mears Group PLC 02 November 2009 \n \n\nMears Group PLC\n(\"Mears\" or the \"Group\")\n\nOption Grant\n\n\nOn 28 October 2009, Andrew Smith (Finance Director), David Miles (Chief Operating Officer) and Alan Long (Executive Director) were each granted 100,000 options respectively over ordinary shares of 1 penny each under the Mears 2008 Long Term Incentive Plan (\"2008 LTIP\"). \nThese options were granted at zero cost and are exercisable between 2012 and 2019 dependent upon the satisfaction of certain performance criteria under the terms of the 2008 LTIP.\nFollowing this grant of these options Andrew Smith, David Miles and Alan Long have the following interests in the ordinary shares of Mears: \n\n\n\n\n\n\n\nNo of Ordinary Shares \n\n\n% of total voting rights \n\n\nNo of options \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAndrew Smith\n\n\n50,000\n\n\n0.07\n\n\n448,481\n\n\n\n\nDavid Miles \n\n\n100,000\n\n\n0.14\n\n\n494,955\n\n\n\n\nAlan Long \n\n\n0\n\n\n0\n\n\n315,788\n\n\n\n\n \n Enquiries:\n\n\n\n\nMears Group PLC\n\n\n\n\n\n\n\nBob Holt, Chief Executive\n\n\nTel: +44(0)7778 798 816\n\n\n\n\nAndrew Smith, Finance Director\n\n\nTel: +44(0)7712 866 461 \n\n\n\n\nJoint Broker - Investec, Keith Anderson/Daniel Adams\n\n\nTel: +44(0)20 7597 5970\n\n\n\n\nJoint Broker - Collins Stewart, Mark Dickenson/Piers Coombs\n\n\nTel: +44(0)20 7523 8350\n\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RDSKLLBBKFBLFBB\n ","length":4583,"tagName":"div"}]