Biome Tech Regulatory News (BIOM)

1 May 2008 17:27

Stanelco PLC01 May 2008 Stanelco PLC ("Stanelco" or the "Company") Directors' Dealing Stanelco has today granted options to the trustees of the Stanelco Plc EmployeeBenefit Trust (the "EBT") to acquire (by way of subscription) 88,100,000ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares")at an exercise price of 0.8 pence per Ordinary Share (the "Options"). The Company's Executive Directors and Persons Discharging ManagerialResponsibility ("PDMR") are potentially interested in the Options. In accordance with the Share Options Policy adopted by the RemunerationCommittee the Options are issued with the following performance conditions: On the expiration of 3 years from date of grant of the Options, if the Company'sshare price is equal to 1p then 25 per cent. of the Options will becomeavailable for exercise. The proportion of Options available for exercise willincrease pro rata up to 100 per cent. if the Company's share price is 2.5p orgreater. Stanelco intends, in due course, to issue a letter of wishes in respect of theOptions to the trustees of the EBT asking them to consider appointing theOptions to sub trusts for the benefit of Mr Paul Mines, his spouse, widow,children or stepchildren under the age of 18 years old (in respect of an optionover 37,500,000 Ordinary Shares) and for the benefit of Mr Clive Warner, hisspouse, widow, children or stepchildren under the age of 18 years old (inrespect of an option over 30,000,000 Ordinary Shares) and for the benefit of MrPaul Law, his spouse, widow, children or stepchildren under the age of 18 yearsold (in respect of an option over 20,600,000 Ordinary Shares) each of which areat an exercise price of 0.8 pence per Ordinary Share, lapsing 27 April 2018,representing an award equal to 200 per cent. of salary in accordance with theShare Options Policy. The appointment of these Options into the proposed sub-trusts is at thediscretion of the trustees of the EBT and a further announcement will be made bythe Company should they choose to act on the letter of wishes. Following the granting of the Options to the EBT, the Company's Directors andPDMRs are interested in the following options over Ordinary Shares: Date Granted Date Date option Exercise Ordinary exercisable lapses price SharesStanelco PLC 2005 Unapproved Shareoption Plan and Stanelco PLC EmploymentBenefit Trust The following options over Ordinary 28 April 2008 28 April 2011 27 April 2018 0.8p 88,100,000Shares are held by the Trustees of the Stanelco PLC Employee Benefit Trust forthe benefit of all Directors andemployees The following options over OrdinaryShares have been appointed to subtrusts for the benefit of the followingDirectors and their families Paul Mines 4 July 2007 4 July 2010 3 July 2017 0.52p 57,692,308Clive Warner 4 July 2007 4 July 2010 3 July 2017 0.52p 46,153,846 13 March 2006 13 March 2009 12 March 2016 15.18p 5,000,000 - Ends - For further information please contact: Jonathon Brill/Billy CleggFinancial DynamicsTel: +44 (0)20 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange