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MF Global Discloses Employment Inducement Awards to Bradley Abelow

^{Published on 2010-09-14 05:10:56 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--As required by the New York Stock Exchange rules, MF Global Holdings Ltd. (NYSE: MF), a leading broker offering customized solutions in global cash and derivatives markets, today disclosed it is implementing Chief Operating Officer Bradley Abelowa™s previously announced compensation agreement. MF Global disclosed the agreement on September 13, 2010, in a Form 8-K filed with the Securities and Exchange Commission.

Under the previously disclosed agreement, as an inducement to his employment with MF Global, Mr. Abelow has been granted a stock option to purchase 1.75 million shares of common stock at an exercise price per share to be determined based on the closing price on the New York Stock Exchange of a share of MF Global common stock on September 13, 2010. One third of the options will vest on each anniversary of the grant date, with all the options becoming fully vested on the third anniversary of the grant date. Once vested, the option will remain exercisable for the full seven-year term.

This announcement is made pursuant to the Corporate Governance Standards of NYSE Rule 303A.08.

About MF Global

MF Global Holdings Ltd. (NYSE: MF) is a leading broker-dealer in cash and derivatives, providing seamless execution, clearing, and settlement services in exchange-traded and over-the-counter markets. A leader by volume on multiple exchanges, the firm delivers insight and access across a broad range of products. MF Global helps its diverse client base meet their unique trading and hedging needs through customized solutions, market expertise, and value-added research. For more information, please visit [ http://www.mfglobal.com ].