Director/PDMR Shareholding

RNS Number : 6970K

OMG PLC

23 December 2008

 



23 December 2008

OMG plc

(the 'Company')

Grant of Option

OMG plc (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, announces that on 23 December 2008, following the recommendation of the Company's remuneration committee, Nick Bolton (Group Chief Executive) was granted an option under the Company's 2008 Special Incentive Plan as follows:

Number of shares	Exercise price per share	Vesting date	Exercise schedule	Term
1,955,705	0.25p	23 September 2011	50% on 23 September 2011	10 years
			25% on 23 September 2012
			25% on 23 September 2013

The option is subject to certain performance criteria and other conditions.  In particular, the number of shares vesting shall be based on the following share price performance condition:

Average share price over 30 day period prior to vesting date	Level of vesting
45p	20%
60p	60%
75p	100%

-ends-

For further information please contact:

OMG plc	[phone]
David Deacon, Finance Director
Financial Dynamics	[phone]
Juliet Clarke / Matt Dixon
Evolution Securities (NOMAD to OMG)	[phone]
Jeremy Ellis

 

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