Last checked at 15 Jun 2015 07:00
Deltex Medical Group plc
Grant of options
15 June 2015 - Deltex Medical Group plc (the "Company"), the global leader in oesophageal Doppler monitoring ("ODM"), announces that the Board has approved the issue of share options to Ewan Phillips, Chief Executive.
Employee Share Option Scheme
The Board has approved the issue of share options to Ewan Phillips, Chief Executive, under the Company's 2011 Executive Share Option Scheme ("ESOS") as follows:
Name | Number | Exercise Price £ | Exercise period | Total Number of ESOS options held* |
Ewan Phillips | 1,250,000 | 0.11 | 2018 - 2025 | 4,550,000 |
\* The total number of ESOS options held includes those awarded under the Company's 2001 Executive Share Option Scheme
These options are subject to certain performance conditions being achieved. The Company did not make its normal ESOS awards in either 2013 or 2014. The Company currently intends to make a further ESOS award between publication of its interim results and its year end of 31 December 2015. The exercise price has been set at 11p per share, being the price of the placing and open offer completed in June 2014. This represents a premium of 69.2% over the current share price.
Additional interests
Mr Phillips has a beneficial interest in 2,645,189 ordinary shares in the Company representing 1.23 per cent of the issued ordinary share capital of the Company.
Mr Phillips also holds a total of 2,337,211 options under the Company's Enterprise Management Incentive ("EMI") scheme. Awards under this scheme relate to sacrifices of bonus and salary cash entitlements.
All shares and options relate to ordinary 1p shares.
For further information, please contact:-
Deltex Medical Group plc | 01243 774 837 investorinfo@deltexmedical.com |
Nigel Keen, Chairman | |
Ewan Phillips, Chief Executive | |
Barry Curtis, Company Secretary | |
Nominated Adviser & Broker | |
Arden Partners plc | 020 7614 5900 |
Chris Hardie | |
Joint Broker Zeus Capital Limited Phil Walker Dominic Wilson
|
020 7533 7727
|
Financial Public Relations | |
Newgate | 020 7653 9850 |
Tim Thompson | |
Robyn McConnachie Ed Treadwell |