Directors' Share Plan
08 August 2007 - 9:57PM
UK Regulatory
RNS Number:7371B
Melrose Resources PLC
08 August 2007
Immediate Release 8 August 2007
MELROSE RESOURCES plc
Notification of Award under the Melrose Resources plc Performance Share Plan
Melrose Resources plc (LSE: MRS) ("the Company") announces that an Award of
34,168 in the form of nil-cost options has been granted under the Company's
Performance Share Plan ("PSP") on 7 August 2007 to an employee of the Company.
Notes
1 The Award will vest on 7 August 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 Award;
3 The decision on the Award was made on 27 June 2007 at the time of
other Awards granted under the PSP to Directors and employees; the
granting of the Award meets one of the terms agreed with the employee
prior to that date in relation to his taking up his position with the
Company on 6 August 2007;
4 The Company has 109,972,891 Ordinary Shares in issue;
5 The Company now has a total of 2,466,699 share options outstanding,
under all share option plans, representing 2.24% of the issued
Ordinary Share Capital;
6 The notification of this Award 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
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
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