The Board of Lonrho announces the grant of options by the Company on 7 January 2013, exercisable on 1 February 2016 in accordance with the rules of the Sharesave Scheme.
The options are over in aggregate, 484,612 ordinary shares of 1p each in the share capital of the Company and are available to UK based employees under the Company's Sharesave Scheme, the establishment of which was approved by shareholders at the Annual General Meeting held on 29 May 2012.
The Sharesave Scheme is an all-employee share option scheme, which was approved by the UK Revenue and Customs and which was introduced to encourage wider employee share ownership of the Company.
The exercise price will be 7.8p per share, being a 5% discount to the market value of the Company's shares on the dealing day immediately prior to the date of invitation to apply for options.
The grant of options represents, in aggregate, 0.03% of the Company's existing issued share capital.
For further information please contact:
Lonrho Plc (London) +44 (0) 20 7016 5105
FTI Consulting (London) +44 (0) 20 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.