17 Mar 2008 07:00
17 March 2008
Directors' Dealings
Brady plc ("the Company") announces that on 14 March 2008 the Company granted to each of Brian Collins (Product Management Director) and Peter Harverson (Non-Executive Director) options at nil-cost over 50,000 Ordinary Shares of 1p each in the Company. The exercise price of 44 pence per share is the closing middle market price on 13 March 2008, the day of announcement of the Company's preliminary results for the year ended 31 December 2007. The vesting of the individual share option tranches are subject to the individuals remaining employed with the Company at the relevant vesting dates.
Further details of the share option grants are set out below:
Director Options Exercise Exercise Period granted price per Share Brian Collins 12,500 44 pence 14 March 2009 to 13 March 2015 12,500 44 pence 14 March 2010 to 13 March 2015 12,500 44 pence 14 March 2011 to 13 March 2015 12,500 44 pence 14 March 2012 to 13 March 2015 Peter 12,500 44 pence 14 March 2009 to 13 March 2015 Harverson 12,500 44 pence 14 March 2010 to 13 March 2015 12,500 44 pence 14 March 2011 to 13 March 2015 12,500 44 pence 14 March 2012 to 13 March 2015
The total number of shares under option for Brian Collins and Peter Harverson following these grants are 100,000 and 50,000, respectively.
For further information, please contact:
Brady plc +44 (0)1223 479479 Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director Oriel Securities Limited (Nominated +44 (0)20 7710 7600 Adviser)
Andrew Edwards
BRADY PLC