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15 Aug 2014 12:40
FILTRONIC PLC
("the Company" or "Filtronic")
15 August 2014
Grant of Option
Filtronic announces that an option over 175,000 Ordinary Shares of 0.10 pence each was granted on 14th August 2014 under the Company's Employee Share Option Plan (ESOP) to Rob Smith who joined the Board as Chief Financial Officer on 16th June 2014.
The exercise price of the option granted is 25.75p per Ordinary Share. Share price linked performance criteria and a three year service condition must be met in order for the option to become exercisable. The option can be exercised (subject to vesting, performance and other conditions being met) for a period of 10 years from 14th August 2014.
Following this grant, Rob Smith holds an option over 175,000 Ordinary Shares, representing 0.2% of the Company's issued share capital and holds 12,202 shares in the Company representing 0.013% of the share capital of the Company.
Enquiries:
Filtronic plc
Alan Needle (CEO) Tel: 0113 220 0000
Reg Gott (Chairman Remuneration Committee) Tel: 0113 220,000
Maura Moynihan (Company Secretary) Tel: 0113 220 000
Walbrook PR Ltd
Tel. 020 7933 8780
Paul McManus Mob. 07980 541 893 or filtronic@walbrookpr.com
Helen Westaway Mob. 07841 917 679 or filtronic@walbrookpr.com
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