21 Sep 2012 15:19
Date: | 21 September 2012 |
On behalf of: | Advanced Power Components PLC ('APC' or 'the Group') |
For immediate release |
Advanced Power Components Plc
("APC" or the "Group")
Grant of Options
Advanced Power Components plc (AIM: PLC), a specialist distributor and manufacturers' representative of electronic components and smart, energy saving products, announces that Mr Will David, Non-Executive Director & Chairman, and Mr Ian Davidson, Non-Executive Director, have today both been granted options over a further 75,000 ordinary shares of the Company. These options were granted outside the Company's Employee Share Option Scheme.
The options are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 10.00p per ordinary share, being the closing share price as at 20 September 2012, the latest practicable date prior to the date of grant.
As previously disclosed, Mr David holds 50,000 ordinary shares in the Company in addition to the 100,000 options over ordinary shares following this grant. Mr Davidson holds 100,000 options over ordinary shares following this grant.
Enquiries:
Advanced Power Components plc | 01634 290588 |
Mark Robinson, Chief Executive Officer Rob Smith, Finance Director | www.apc-plc.co.uk |
Strand Hanson Limited | 020 7409 3494 |
James Harris / Angela Hallett | |
Northland Capital Partners Limited | 020 7448 4400 |
Andy Hanson | |
Redleaf Polhill | 020 7566 6727 |
Henry Columbine / David Ison | apc@redleafpolhill.com |
About Advanced Power Components
APC plc is a leading specialist distributor of electronic components, comprising nine areas of activity:
§ APC Hi-Rel distributes a variety of specialist electronic components into applications where component reliability is of paramount importance. Hi-Rel's franchised product lines include power semiconductors, power supplies, memory, wound and high voltage components.
§ APC Locator is a leading solutions provider for obsolete and hard-to-find parts, with 25 years' experience in the industrial and defence/aerospace markets across Europe.
§ APC Hero has a specialist technical sales team focusing on sensors and measurement, power management, communications & connectivity and embedded computing applications.
§ APC Go! provides a kitting and materials management service to companies wanting to outsource non-core activities, offering services ranging from material procurement to full production management.
§ APC Displays+ provides dedicated technical and commercial support for a wide range of displays, driver boards, ICs, single board computers and all related connectivity.
§ APC Novacom is a distributor and manufacturers' representative for RF and microwave frequency electronic components. The business is managed by a team of technical specialists with many years' experience in the RF and Microwave industry.
§ APC Contech is a distributor of specialist data input devices for industrial, broadcasting and medical sectors providing technically advanced solutions for specific application areas.
§ QV Controls Limited is a designer, manufacturer and supplier of DALI-IP technology based lighting and energy management systems that improve energy efficiency and lighting performance within commercial, industrial and high end residential buildings.
§ Minimise Limited is a distributor of energy saving products that include LED lighting, the imop™ and other technologies to both reduce demand for energy and generate electricity more sustainably.