CTP.L Regulatory News (CTP)

RNS Number : 6260T

Redstone PLC

30 September 2010

 

 

Redstone plc

("Redstone", "the Company")

Result of Annual General Meeting ("AGM")

Issue of Options

Redstone plc (AIM:RED.L), the integrated ICT and Communications Solutions provider, announces that at the Company's AGM held today all resolutions presented to shareholders were duly passed.

Furthermore, the Company announces that it has today issued options, which were granted by the Remuneration Committee on 9 September 2010, to the following directors, pursuant to the Redstone plc Approved Incentive Option Scheme 2008 and the Redstone plc Unapproved Incentive Option Scheme 2008:

 

Director	Number of Shares Under Option
Peter Hallett, Financial Director	122,719,550
Ian Smith, Executive Chairman	67,719,550
Tony Weaver, Chief Executive Officer	67,719,551

 

These options are exercisable between 9 March 2011 and 9 September 2013 or on the achievement of certain performance conditions at a price of 0.5 pence per share, being the price of the recent placing of ordinary shares in the Company approved by shareholders on 8 September 2010.

 

 

Enquries

 

Redstone plc	Tel. +44 (0)845 203 3903
Peter Hallett, Chief Financial Officer
FinnCap	Tel. +44 (0)20 7600 1658
Marc Young, Charlotte Stranner
Hansard Communications Justine James	Tel. +44 (0)20 7245 1100 +44 (0) 7525 324431

 

This information is provided by RNS

The company news service from the London Stock Exchange