Last checked at 14 May 2008 08:53
Stanelco Plc ("Stanelco" or the "Company")
Directors Dealing
Stanelco announces that the Share Option Awards previously announced on 1 May 2008 have now been formerly allocated to Mr Paul Mines, Mr Clive Warner and Mr Paul Law and their respective connected parties.
Further to the previous announcement, the Company issued letters of wishes in respect of the share options described in the 1 May 2008 announcement to the trustees of the Stanelco Plc Employee Benefit Trust (EBT) asking them to consider appointing these share options to sub trusts for the benefit of Mr Paul Mines, Mr Clive Warner and Mr Paul Law and their respective connected parties. Subsequently, the Company has been informed that the trustees of the EBT chose to act on these wishes on 7 May 2008.
Subsequently, the Company's Directors and PDMRs are interested in the following options over Ordinary Shares, subject to certain performance conditions as set out in previous announcements made by the Company:
| Date Granted | Date exercisable | Date option lapses | Exercise price | Ordinary Shares | ||
| Stanelco PLC 2005 Unapproved Share option Plan and Stanelco PLC Employment Benefit Trust | ||||||
| The following options over Ordinary Shares have been appointed to sub trusts for the benefit of the following Directors and their connected parties | ||||||
| Paul Mines | 4 July 2007 28 April 2008 | 4 July 2010 28 April 2011 | 3 July 2017 27 April 2018 | 0.52p 0.8p | 57,692,308 37,500,000 | |
| Clive Warner | 4 July 2007 28 April 2008 13 March 2006 | 4 July 2010 28 April 2011 13 March 2009 | 3 July 2017 27 April 2018 12 March 2016 | 0.52p 0.8p 15.18p | 46,153,846 30,000,000 5,000,000 | |
| Paul Law | 28 April 2008 | 28 April 2011 | 27 April 2018 | 0.8p | 20,600,000 | |
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For further information please contact:
Jonathon Brill/Billy Clegg
Financial Dynamics
Tel: +44 (0)20 7831 3113