14 Mar 2012 12:22
14 March 2012
Directors' Dealings
Brady plc ("the Company") announces that on 13 March 2012 the Company granted to Gavin Lavelle, Chief Executive Officer, options at nil-cost over 400,000 Ordinary Shares of 1p each in the Company, to Brian Collins, Executive Director, options at nil-cost over 60,000 Ordinary Shares of 1p each in the Company and to Tony Ratcliffe, Finance Director, options at nil-cost over 200,000 Ordinary Shares of 1p each in the Company
The exercise price of 90 pence per share is the closing middle market price on 12 March 2012. The vesting of individual share option tranches is subject to the achievement of annual earnings per share targets and the individual remaining employed with the Company at the relevant vesting dates.
Further details of the share option grants are set out below:
Director | Options granted | Exercise price per Share
| Exercise Period
|
Gavin Lavelle | 133,333 | 90 pence | 14 March 2013 to 13 March 2019 |
133,333 | 90 pence | 14 March 2014 to 13 March 2019 | |
133,334 | 90 pence | 14 March 2015 to 13 March 2019 | |
Brian Collins | 20,000 | 90 pence | 14 March 2013 to 13 March 2019 |
20,000 | 90 pence | 14 March 2014 to 13 March 2019 | |
20,000 | 90 pence | 14 March 2015 to 13 March 2019 | |
Tony Ratcliffe | 66,666 | 90 pence | 14 March 2013 to 13 March 2019 |
66,667 | 90 pence | 14 March 2014 to 13 March 2019 | |
66,667 | 90 pence | 14 March 2015 to 13 March 2019 |
The total number of shares under option for Gavin Lavelle following this grant is 2,155,955. The total number of shares under option for Brian Collins following this grant is 272,500. The total number of shares under option for Tony Ratcliffe following this grant is 961,565.
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director |
Telephone: +44(0)1223 479479 |
| |
Cenkos Securities Ivonne Cantu / Camilla Hume | Telephone: +44(0)20 7397 8900
|
About Brady
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, soft commodities and agriculturals.
Brady has 25 years' expertise in the commodity markets with over 250 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
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