Last checked at 18 Jan 2016 17:07
Billington Holdings Plc
("The Company" or "Billington")
Issue of Options
Directors Dealings
The Company confirms today that, it has today granted options to directors as set out below:
Mark Smith
The Company has granted to Mark Smith, Chief Executive Officer of the Company an option pursuant to the Rules of the Tax Advantaged Plan to acquire 9,917 of Ordinary Shares of £0.10 each in the Company, at an exercise price of £3.025p per share ("RTAP Options"). In addition, the Company today has granted to Mark Smith, an option pursuant to the Rules of the Non Tax Advantaged Plan to acquire 25,000 of Ordinary Shares of £0.10 each in the Company at an exercise price of £1.65p per share ("Non-RTAP Options").
Mark Smith is directly interested in 5,000 Ordinary Shares representing 0.039% of the Company and holds total options over 34,917 Ordinary Shares in the Company.
Trevor Taylor
The Company has granted to Trevor Taylor, Finance Director of the Company an option pursuant to the Rules of the Tax Advantaged Plan to acquire 9,917 of Ordinary Shares of £0.10 each in the Company, at an exercise price pf £3.025p per share ("RTAP Options"). In addition, the Company today has granted to Trevor Taylor, an option pursuant to the Rules of the Non Tax Advantaged Plan to acquire 25,000 of Ordinary Shares of £0.10 each in the Company at an exercise price of £1.65p per share ("Non-RTAP Options")
Trevor Taylor is directly interested in 6,000 Ordinary Shares representing 0.046% of the Company and holds total options over 34,917 Ordinary Shares in the Company.
Both the RTAP Options and Non-RTAP Options can be exercised at any time between the third anniversary and tenth anniversary of the Option, subject to remaining employed in the Company and otherwise at the discretion of the Board
It is currently intended that the exercise of these options will be satisfied by the issue of shares from the Billington Employee Share Option Trust.
For further information, please contact:
Billington Holdings Plc Tel: 01226 340666
Mark Smith
Trevor Taylor
W H Ireland Limited Tel: 0161 819 8875
Katy Mitchell
Blytheweigh Tel: 020 7138 3204
Tim Blythe Mob: 07816 924626
Wendy Haowei Mob: 07595 908886
Fergus Lane Mob: 07712 25 2569