ARGO Argo Group Limited

TIDMARGO

RNS Number : 9278C

ARGO Group Limited

14 March 2011

Argo Group Limited ("Argo")

Grant of options

Argo announces that it has today granted options over 6 million shares to employees and directors under The Argo Group Limited Employment Stock Option Plan. The grants to directors are as follows:

 
 Director             Number of options 
 
 Michael Kloter       500,000 
 Andreas Rialas       1,000,000 
 Kyriakos Rialas      750,000 
 David Fisher         250,000 
 Kenneth Watterson    250,000 
 

All options are exercisable in four equal tranches over a period of four years at 24p per share.

Enquiries

Argo Group Limited

Kyriakos Rialas +357 22 668900

Panmure Gordon

Dominic Morley 020 7459 3600

This information is provided by RNS

The company news service from the London Stock Exchange

END

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