14 Jun 2011 07:00
Cello Group plc
14 June 2011
Cello Group plc ("Cello" or the "Company")
Share Option Grants
The Group 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 2009 ("The Unapproved Plan") options were granted on 13 June 2011 entitling certain employees and a director to acquire a total of 974,296 ordinary shares of 10 pence each ("Ordinary Share") at an exercise price of 42 pence per Ordinary Share.
Under the Performance Share Plan ("PSP"), options were granted entitling certain directors and employees to acquire a total of 496,000 Ordinary Shares at an exercise price of 10 pence per Ordinary Share.
The following directors were awarded options under the Approved Plan and the PSP on 13 June 2011.
Mark Scott was awarded options over 170,000 shares under the PSP. This is a total of 0.22% of the total current issued share capital. Mark Bentley was awarded options over 130,000 shares under the PSP. This is a total of 0.17% of the total current issued share capital. Paul Walton was awarded options over 20,000 shares under the Approved Plan, and options over 30,000 shares under the PSP. This is a total of 0.06% of the total current issued share capital.
All these options will normally be exercisable from 13 June 2014 subject to continued employment and the extent to which performance conditions have been met.
14 June 2011
Enquiries:
Cello Group plc
Mark Bentley, Group Finance Director 020 7812 8463
Altium
Paul Chamberlain 020 7484 4040