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30 Sep 2013 15:45
30 September 2013
Ashley House plc (the "Company")
Share Options
At the Company's AGM in September, shareholders voted to approve the Management Incentive plan. Following this approval, the Remuneration Committee of the Company has now formally completed implementing the first part of the scheme and accordingly, the Company announces that the share option element of the scheme has been enacted today.
Under the scheme the Company has granted share options to current executive Directors and members of senior management in respect of 5,225,000 ordinary shares, representing 8.92% of the current issued share capital of the Company.
The options granted to the Executive Directors are as follows:
Name | Position | Number of shares under option |
Jonathan Holmes | Chief Executive | 1,100,000 |
Antony Walters | Finance Director | 1,000,000 |
Richard Darch | Executive Director | 1,000,000 |
Total | 3,100,000 |
The remaining 2,125,000 share options have been granted to senior management of the Company.
The options, which have an exercise price of 15p (which was approved at the AGM) will not be exercisable unless and until the Company's share price equals or exceeds 37p for a period of at least 20 consecutive working days and upon exercise is at or above the 37p threshold.
The second part of the Management Incentive Plan will be announced in due course.
Enquiries:
Ashley House plc 01628 600 340
Jonathan Holmes, Chief Executive
Antony Walters, Finance Director
WH Ireland
(Nominated Adviser and broker to Ashley House plc)
Adrian Hadden
Nick Field 0207 220 1666
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