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19 Sep 2014 16:10
Cello Group plc ("Cello" or the "Company")
Director's dealing
The Company has been notified that on 18 September 2014 certain staff and directors of the Company exercised options under the PSP Option Scheme 2010 and the Approved Share Option Plan 2009 in order to increase their stakes in the Company.
Details of the exercise of options by the directors are set out below:
No. of options held prior to exercise | No. of options exercised | Exercise Price | No. of options held post exercise | |
Mark Bentley | 678,266 | 130,000 | 10p | 548,266 |
Stephen Highley | 248,000 | 36,000 | 31.5p | 150,000 |
10,000 | 42p | |||
52,000 | 10p |
Following the exercise of these options the directors made the following sale of ordinary shares of 10 pence each in the Company ("Ordinary Shares"), these sales were made to cover exercise, tax and national insurance costs.
No. of Ordinary Shares held prior to exercise and sale | No of Ordinary Shares sold | Sale Price | Retained interest in Ordinary Shares | % of total issued share capital held (as enlarged by the exercise of options) | |
Mark Bentley | 238,500 | 83,021 | 91p | 285,479 | 0.33% |
Stephen Highley | 2,000,868 | 51,979 | 91p | 2,046,889 | 2.40% |
19 September 2014
Enquiries:
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| Cello Group | 020 7812 8460 | ||
| Mark Scott, Chief Executive | |||
| Mark Bentley, Finance Director | |||
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| Cenkos Securities | 0207 397 8900 | ||
| Bobbie Hilliam Harry Pardoe | |||
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| Buchanan | 020 7466 5000 | ||
| Mark Edwards/ Nicola Cronk/ Clare Akhurst | |||
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