MEARS GROUP PLC

Remuneration Information • Aug 16, 2013

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 9294L

Mears Group PLC

16 August 2013

Mears Group PLC

("Mears Group")

Option award

On 16 August 2013, David Miles (CEO), Andrew Smith (Finance Director) and Alan Long (Executive Director) were granted options at 1p per share over 203,367, 135,578 and 110,927 ordinary shares of 1p each under the Mears 2013 Share Plan.

The value of the options granted to each Director is equal to 200% of their salary. The number of options granted has been calculated using the closing average share price over the 30 day period prior to 1 January 2013, being 324.5p per share.

The vesting period will be 1st January 2013 to 1st January 2016 and are exercisable between 2016 and 2023.

Following this grant of options, the respective Directors have the following interests in the ordinary shares of Mears:

	No of Ordinary Shares	% of total voting rights	No of options
David Miles	175,020	0.18	256,747
Andrew Smith	105,000	0.11	203,085
Alan Long	66,230	0.07	148,815

Enquiries:

Mears Group PLC 

David Miles, Chief Executive

Tel: 07778 220185

Andrew Smith, Finance Director

Tel: 07712 866 461  

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSEALPKFDPDEFF