Morgan Sindall's seven leaders awarded options over 344,000 shares

Morgan Sindall has awarded share options to its seven-strong senior team this morning totalling 344,000. John Morgan, founder and executive chairman, has been given the largest proportion.

The exercise price for the options is £10.39. Morgan Sindall’s shares are currently trading at £10.34.

The latest options are exercisable for a period of seven years from April 2011.

Of the new awards, John Morgan’s share was 123,000.

Morgan currently owns 4.5m company shares which represents 10% of the total. Their value runs to £46m.

Morgan has options over a further 406,000 shares, in total, and he also has 41,000 conditional share awards in the wings.