Conygar Inv Regulatory News (CIC)

20 Mar 2006 07:10

Conygar Investment Company PLC(The)20 March 2006 20 March 2006 THE CONYGAR INVESTMENT COMPANY PLC GRANT OF OPTIONS Further to the announcement on 9 March 2006 by the board of The ConygarInvestment Company PLC ("Conygar" or the "Company") regarding the placing of8,927,405 new ordinary shares of 5 pence each in the Company a price of 116pence per share, the Remuneration Committee of Conygar has granted an additional1,400,000 options over ordinary shares in the capital of the Company to theexecutive directors of the Company as follows: 1. Options over 650,000 ordinary shares have been granted to Robert Ware, Chief Executive of the Company, at a price of 118.5p per share. The options are exercisable from 15 March 2008 and will lapse on 15 March 2016. Mr. Ware now holds a total of 1,275,000 shares under option. 2. Options over 425,000 ordinary shares have been granted to Peter Batchelor, Finance Director, at a price of 118.5p per ordinary share. The options are exercisable from 15 March 2008 and will lapse on 15 March 2016. Mr. Batchelor now holds a total of 800,000 shares under option. 3. Options over 325,000 ordinary shares have been granted to Steven Vaughan, Property Director, at a price of 118.5p per ordinary share. The options are exercisable from 15 March 2008 and will lapse on 15 March 2016. Mr. Vaughan now holds a total of 705,000 shares under option. The options have been granted pursuant to the rules of The Conygar InvestmentCompany Share Option Plan and will be subject to performance criteria which willrequire the annual percentage growth in the Company' share price to exceed thatof the FTSE Small Cap Index. For further information please contact: The Conygar Investment Company PLC Robert Ware - 020 7725 0360 Peter Batchelor - 020 7725 0360 The directors of Conygar accept responsibility for the information contained inthis announcement. To the best of the knowledge and belief of the directors ofConygar (who have taken all reasonable care to ensure that such is the case) theinformation contained in this announcement is in accordance with the facts anddoes not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange