18 May 2016 12:12
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 Unapproved Share Option Plan 2010 ("The Unapproved Plan") options were granted on 17 May 2016 entitling certain employees to acquire a total of 190,000 ordinary shares of 10 pence each ("Ordinary Share") at an exercise price of 97 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 1,490,000 Ordinary Shares at an exercise price of 10 pence per Ordinary Share.
The following directors were awarded options under the PSP on 17 May 2016:
Name | Number of PSP options granted | % of issued share capital | Cumulative number of options held following grant | % of issued share capital |
Mark Scott | 450,000 | 0.53% | 1,622,000 | 1.81% |
Mark Bentley | 220,000 | 0.26% | 605,000 | 0.71% |
Stephen Highley | 220,000 | 0.26% | 420,000 | 0.46% |
All the options granted will normally be exercisable from 17 May 2019 subject to continued employment and the extent to which performance conditions have been met.
18 May 2016
Enquiries:
Cello Group 020 7812 8460
Mark Bentley, Finance Director
Cenkos Securities 0207 397 8900
Bobbie Hilliam