Press releases

MDM project pipeline shift

Extension of Option Expiry

27 September 2011

The Board of the Company has resolved to extend the expiry date of the options granted under MDM’s Global Share Option Plan (“the Plan”), and therefore all options that were granted under the Plan in 2008 and were due to expire in May and November 2013, have now been extended until May 2016 or 8 years from the original date of grant.


The following directors of the Company have therefore had their options amended as described above.


Director

Number of options

Original date of grant

New date of expiry

Exercise price

George Bennett

600 000

12  May 2008

12 May 2016

145 p

Dominique de la Roche

100 000

12 November 2008

12 November 2016

146.5 p

Mark Summers

250 000

12 May 2008

12 May 2016

145 p

Enquiries:

MDM Engineering Group Limited

Martin Smith (CEO)
George Bennett (Executive Director)
Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Collins Stewart Europe Limited

John Prior
Sebastian Jones
Tel: +44 (0)20 7523 8350

Tavistock Communications

Paul Youens
Emily Fenton
Tel: +44 (0)20 7920 3150

 

 

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