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Grant of Options

1 Nov 2006 07:01

Arena Leisure PLC01 November 2006 Arena Leisure Plc (the 'Company') Grant of Options The Company announces that on 31 October 2006 share options over 4,034,171ordinary shares in the Company ("the Options") were granted to certain employeesat an exercise price of 39.5p per Option, being the average mid market closingprice of the Company's shares over the preceding three days. Exercise of the Options is subject to the Company achieving earnings per share("EPS") growth in excess of RPI over a three year period as follows: Less than 3% - none exercisable3% - 30% exercisableGreater than 10% - 100% exercisable At EPS growth levels between 3% and 10% over the three year period, the Optionswill be exercisable pro-rata on a straight line basis between 30% and 100% ofthe Options granted. Subject to the above performance criteria, the Options may be exercised betweenthe third and tenth anniversary, inclusive, of the date of grant. The total number of share options granted include, 1,392,405 Options granted toMark Elliott (Chief Executive) and 746,835 Options granted to Ian Renton (RacingDirector). In addition to these Options, Mark Elliott holds a further 1,000,000options over ordinary shares in the Company ("Ordinary Shares"), and Ian Rentonholds a further 250,000 options over Ordinary Shares and 30,000 Ordinary Shares,which represent 0.01% of the issued share capital of the Company. This grant of options represents the final grant that will be made under boththe Arena Leisure 1997 Discretionary Share Option Scheme and the Arena Leisure1997 Company Share Option Plan. For further information, please contact: Arena Leisure Plc Bob Mercer, Chief Financial Officer and Company Secretary 020 7495 2277 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
28th Apr 20085:03 pmRNSResult of AGM
28th Apr 200812:36 pmRNSDirectorate Change
28th Apr 200812:35 pmRNSAGM and IMS statement
10th Apr 20085:15 pmRNSDirector/PDMR Shareholding
27th Mar 20087:01 amRNSNotice of AGM
13th Mar 20086:18 pmRNSHolding(s) in Company
6th Mar 20087:01 amRNSFinal Results
29th Feb 20082:43 pmRNSHolding(s) in Company
14th Feb 20087:00 amRNSHolding(s) in Company
12th Feb 20087:00 amRNSHolding(s) in Company
4th Feb 20089:00 amRNSNotice of Results
9th Jan 20087:00 amRNSTrading Statement
27th Dec 20071:22 pmRNSStatement re. Daily Telegraph
19th Dec 20075:29 pmRNSAnnual Information Update
2nd Nov 20076:27 pmRNSHolding(s) in Company
14th Sep 20077:00 amRNSUpdate re: Doncaster
7th Sep 20077:10 amRNSWolverhampton planning update
21st Aug 20077:00 amRNSChange of Adviser
9th Aug 20072:25 pmRNSDirector/PDMR Shareholding
9th Aug 200711:46 amRNSHolding(s) in Company
9th Aug 200710:22 amRNSHolding(s) in Company
8th Aug 20073:37 pmRNSHolding(s) in Company
7th Aug 20079:46 amRNSHolding(s) in Company
7th Aug 20079:45 amRNSHolding(s) in Company
1st Aug 20077:02 amRNSPlanning update
1st Aug 20077:01 amRNSInterim Results
23rd Jul 20079:23 amRNSHolding(s) in Company
20th Jul 20076:19 pmRNSHolding(s) in Company
12th Jul 200710:25 amRNSHolding(s) in Company
9th Jul 20077:01 amRNSFlood damage update
29th Jun 20074:28 pmRNSHolding(s) in Company
29th Jun 20074:25 pmRNSHolding(s) in Company
29th Jun 20077:01 amRNSTrading Statement
12th Jun 20077:01 amRNSShare Options
30th Apr 20071:24 pmRNSAGM Statement
19th Apr 20074:26 pmRNSHolding(s) in Company
23rd Mar 20075:05 pmRNSHolding(s) in Company
19th Mar 20075:52 pmRNSHolding(s) in Company
14th Mar 20077:04 amRNSDoncaster - Planning Update
6th Mar 20073:21 pmRNSRe: At The Races
1st Mar 20077:04 amRNSFinal Results
7th Feb 200710:41 amRNSNotice of Results
6th Feb 20077:01 amRNSPlanning Application
2nd Feb 200711:48 amRNSRe: At The Races
18th Dec 200612:10 pmRNSVoting Rights and Capital
15th Dec 20067:58 amRNSRetention of Levy
7th Dec 20067:01 amRNSRe Contract
7th Nov 20067:02 amRNSCreation of Catering Division
6th Nov 20065:07 pmRNSHolding(s) in Company
1st Nov 20067:01 amRNSGrant of Options

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