Last checked at 1 Apr 2010 11:13
Acal Plc
On 31 March 2010, Nicholas Jefferies (Group Chief Executive) was granted a nil-cost option over 269,230 ordinary shares of 5p each under the Acal Plc 2008 Long-Term Incentive Plan ("LTIP"),
This option is exercisable between 2013 and 2020 dependent upon the satisfaction of certain performance criteria under the terms of the LTIP, set out in detail in the Company's Remuneration Committee Report. These criteria are currently under review by the Remuneration Committee to ensure that they are supportive of the Company's strategy. Therefore, they may be subject to change in due course to better reflect this strategy. Any change may require prior consultation with the Company's major shareholders.
The number of shares under option was determined using a share price of 156 pence per share, being the closing price of an ordinary share on 30 March, 2010, the last business day prior to the date of grant.
Following this option grant, Nicholas Jefferies has the following interest in the ordinary shares of Acal Plc:
Total Number of Ordinary Shares Over Which Options Are Held Following Notification; 889,728
Total Number of Ordinary Shares Beneficially Owned : 15,492
Enquiries:
Gary Shillinglaw
Group Company Secretary
Acal Plc
Phone: 01483 544500