4 Jul 2013 10:00
Cello Group plc ("Cello" or the "Company")
Grant of Options
Cello today announces a series of annual awards under various option schemes as follows:
Under the Cello Group plc HM Revenue and Customs Approved Share Option Plan 2009 ("The Approved Plan") and under the Cello Group plc Unapproved Share Option Plan 2010 ("The Unapproved Plan") options were granted on 3 July 2013 entitling certain employees to acquire a total of 866,772 ordinary shares of 10 pence each ("Ordinary Share") at an exercise price of 50 pence per Ordinary Share.
Under the Performance Share Plan 2010 ("PSP"), options were also granted entitling certain directors and employees to acquire a total of 832,000 Ordinary Shares at an exercise price of 10 pence per Ordinary Share.
The following directors were awarded options under the PSP on 3 July 2013.
Name | No of Options | % of issued share capital | Cumulative number of PSP options | % of issued share capital |
Mark Scott | 210,000 | 0.25% | 980,000 | 1.18% |
Mark Bentley | 165,000 | 0.20% | 639,000 | 0.77% |
Stephen Highley | 100,000 | 0.12% | 172,000 | 0.21% |
All these options will normally be exercisable from 3 July 2016 subject to continued employment and the extent to which performance conditions have been met.
4th July 2013
Enquiries:
Cello Group 020 7812 8460
Mark Bentley, Finance Director
Cenkos Securities 0207 397 8900
Bobbie Hilliam