Statement re Management Incentive Plan
28 Janeiro 2010 - 3:22PM
UK Regulatory
TIDMMDS
RNS Number : 3113G
Midas Capital PLC
28 January 2010
News release
28 January 2010
Midas Capital plc announces initial awards under its Management Incentive Plan
Midas Capital plc ("Midas") announces that on 28 January 2010, following the
issue of a trading update and the completion of the sale of its Wealth
Management division, awards to subscribe for (in aggregate) up to 7,045,000
Ordinary Shares (the "Awards") were granted under the Midas Capital plc
Management Incentive Plan ("MIP").
The MIP was approved by the shareholders of the Company at the general meeting
held on 3 June 2009.
The Awards were made to senior members of the Miton and Midas fund management
teams and senior managers within the Group. The following Awards were made to
Executive Directors of Midas:
+-----------------+------------------+-------------------+
| Name of |Number of Shares | Number of Shares |
| Executive | over which | over which |
| Director |Initial Award is | Initial Award is |
| |made exercisable | made exercisable |
| | at 0.1p per | at 10p per share |
| | share | |
| | | |
+-----------------+------------------+-------------------+
| Colin | 500,000 | 500,000 |
| Rutherford | | |
+-----------------+------------------+-------------------+
| Tony Moore | 250,000 | 200,000 |
+-----------------+------------------+-------------------+
The Awards will only vest when certain time limits are reached and are made
subject to the satisfaction of performance conditions, including continued
employment with the Group.
For further information, please contact:
+-------------------------------------------------+-------------------------+
| Colin Rutherford, Executive Chairman, Midas | 07768 053 054 |
+-------------------------------------------------+-------------------------+
| Roland Cross, Director, Broadgate Mainland | 020 7726 6111 |
+-------------------------------------------------+-------------------------+
| James Steel, Arbuthnot Securities Limited | 020 7012 2000 |
+-------------------------------------------------+-------------------------+
| (Nominated Advisor and Broker to Midas) | |
+-------------------------------------------------+-------------------------+
Web: www.midascapitalplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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