MS INTERNATIONAL PLC — Remuneration Information 2014

Sep 18, 2014

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RNS Number : 0722S

Micro Focus International plc

18 September 2014

18 September 2014

Micro Focus International plc

Option grants and awards of conditional Additional Share Grants

The Board of Micro Focus International plc ("Micro Focus" or the "Company") announces the conditional award of certain Additional Share Grants ("ASGs") and the award of options over ordinary shares in the Company pursuant to the Micro Focus International plc Incentive Plan 2005.

In the announcement of its proposed merger with The Attachmate Group Inc, on 15 September 2014, the Company announced that it proposed that ASGs be made to certain Executive Directors and senior managers of the Enlarged Group by way of the grant of nil cost options over ordinary shares in the Company in order to incentivise key management to deliver exceptional returns. On 18 September 2014, the Board granted the following ASGs to the Executive Directors, and to certain other senior managers of the Company, as follows:

Director	Number of nil cost options over Ordinary Shares
Kevin Loosemore	947,140
Mike Phillips	676,529
Stephen Murdoch	405,917
Other senior managers	541,223
Total	2,570,809

The grant of the above ASGs is conditional on shareholder approval of the New Incentive Arrangements and Completion. The vesting date for these awards will be three years from the earlier of the date of Completion or 1 November 2014.

The Board also today announces that, on 18 September 2014, certain nil cost options over ordinary shares in the Company were granted to the Executive Directors of the Company pursuant to the Micro Focus International plc Incentive Plan 2005. These awards, as set out below, represent ordinary course grants which could not previously be awarded due to the recipients' insider status as a result of their involvement in negotiations relating to the Merger.

Director	Number of nil cost options over Ordinary Shares
Kevin Loosemore	115,192
Mike Phillips	61,710
Stephen Murdoch	56,421

This announcement is being made pursuant to Rule 3.1.2 R of the Disclosure and Transparency Rules. Terms used in this announcement, but not defined, have the same meaning as those set out in the Company's announcement of the Merger on 15 September 2014.

For further information, please contact:

Micro Focus	Tel: +44 1635 32646
Kevin Loosemore, Executive Chairman
Mike Phillips, Chief Financial Officer
Tim Brill, IR Director
Powerscourt (PR adviser to Micro Focus)	Tel: +44 20 7250 1446
Giles Sanderson
Nick Dibden
Sophie Moate

This information is provided by RNS

The company news service from the London Stock Exchange

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