Statement re Management Incentive Plan

 

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 
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