26 Mar 2012 18:28
Holders Technology plc ("Holders Technology" or the "Company") Issue of Options
Holders Technology plc, (AIM: HDT), announces that on 26 March 2012 it granted options to acquire 46,598 shares to Victoria Blaisdell, Group Managing Director, and options to acquire 38,444 shares to Paul Geraghty, Group Finance Director. The options are granted under the rules of the Key Management Incentive Plan.
The number of ordinary shares that Ms Blaisdell and Mr Geraghty are entitled to acquire is determined by reference to the average price of an ordinary share during the period of 20 dealings days ending with the third anniversary of the grant of the award (or, in the event of an earlier change of control of the Company, the price per share payable to shareholders to acquire control). If that average share price is less than 118 pence, neither Ms Blaisdell nor Mr Geraghty will have any entitlement to acquire any ordinary shares. If the average share price is 118 pence, Ms Blaisdell and Mr Geraghty will be entitled to acquire 4,660 shares and 3,844 shares respectively, and that entitlement will increase, on a straight line basis, to 46,598 shares and 38,444 shares respectively where the average share price is 215 pence or higher. Ms Blaisdell has, at the same time, formally surrendered options granted to her in April 2006 and May 2007 over (in aggregate) 35,000 shares.
For further information, contact:
Holders Technology plc 020 8236 1490 Rudi Weinreich, Executive Chairman Victoria Blaisdell, Group Managing Director Paul Geraghty, Group Finance Director Northland Capital Partners Limited- Nomad & 020 7796 8800Broker Shane Gallwey
Website www.holderstechnology.com
XLON