We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Melrose Industries Plc | LSE:MRO | London | Ordinary Share | GB00BNGDN821 | ORD 160/7P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.40 | 0.66% | 675.00 | 674.80 | 675.00 | 676.60 | 667.00 | 670.80 | 2,372,524 | 13:40:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 4.93B | -1.02B | -0.7540 | -8.93 | 9.1B |
TIDMMRO
RNS Number : 9703B
Melrose Industries PLC
07 April 2017
7 April 2017
Melrose Industries PLC (the "Company")
Posting of Annual Report and Circular
The Company announces that its Annual Report for the year ended 31 December 2016 and, pursuant to Listing Rule 9.6.3, a circular and notice of General Meeting (the "Circular") in relation to Melrose's proposed renewal of the management incentive plan arrangements have been posted to Shareholders today. In accordance with Listing Rule 9.6.1, the Circular will also be available for download on Melrose's website at www.melroseplc.net and a copy will be submitted to the National Storage Mechanism where it will be available for inspection at www.morningstar.co.uk/uk/NSM.
As set out in the Circular, the Remuneration Committee has determined that 16,542 Options will be granted for nil consideration over 2017 Incentive Shares, conditional upon shareholder approval being obtained at the General Meeting and with effect from 31 May 2017. These included the grants outside a trading venue of 2,583 Options to each of Christopher Miller and David Roper and 2,833 Options to each of Simon Peckham and Geoffrey Martin, which were notified by the recipients to the Company today, pursuant to Article 19(1) of the Market Abuse Regulation (2014/596/EU) ("MAR"), each of whom is a "person discharging managerial responsibility", as such term is defined in Article 3(1)(25) of MAR.
The Circular also provides background on the crystallisation of the existing incentive plan, including the Remuneration Committee's determination to cancel a portion of the Existing Options in exchange for a cash payment to the holders of those Existing Options sufficient to meet the related tax liability, which is classified as a smaller related party transaction under Listing Rule 11.1.10 R and will reduce the dilutive effect on Shareholders of issuing Ordinary Shares that would otherwise be immediately sold to meet such a tax liability, and its determination to convert the balance of Existing Incentive Shares into Ordinary Shares on crystallisation on 31 May 2017 instead of paying a cash dividend, which ensures management remain aligned with Shareholders.
Terms used in this announcement shall have the same meanings as set out in the Circular.
-ends-
Enquiries:
Montfort Communications
Nick Miles / Charlotte McMullen +44 (0) 203 514 0897
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCXDLFBDZFZBBV
(END) Dow Jones Newswires
April 07, 2017 09:49 ET (13:49 GMT)
1 Year Melrose Industries Chart |
1 Month Melrose Industries Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions