MST Mid-States

 

TIDMMST 
 
RNS Number : 0311G 
Mid-States PLC 
25 January 2010 
 

 
 
Date 25 January 2010 
 
 
 
 
MID-STATES PLC 
 
 
("Mid-States", the "Company" or the "Group") 
 
 
 
 
Grant of Share Options 
 
 
 
 
Mid-States announces that Javier Segura, the Company's Managing Director, and 
Andrew Tonks, its Finance Director, have been respectively granted options over 
1,650,000 and 1,125,000 ordinary shares of one pence each in the capital of the 
Company, under the Company's 2009 Share Option Plan (the "Plan"). 
 
 
80% of these options are subject to the achievement of challenging performance 
conditions linked to the financial results of the Group over the next three 
years and, subject to these conditions, may vest over the next three years. Of 
this percentage, one third is at an exercise price of 5.75 pence per share. The 
exercise prices of the remaining two thirds are subject to increase based on a 
formula linked to increases in the Company's share price over the next two 
years. In no event is the exercise price to be less than 5.75 pence per share. 
 
 
The remaining 20%, which are not subject to those performance conditions, vest 
only after three years (subject to the terms of the Plan) and are at an exercise 
price of 5.75 pence per share. 
 
 
 
 
 
 
For further information: 
Mid-States PLCTel: +44 (0) 20 7603 1515 
Tony Hunter, Company Secretary 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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