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7 Sep 2011 10:00
07 September 2011
Hydro International plc
("Hydro", the "Company" or the "Group")
Director Shareholding
Hydro, today received notification, that, on 7 September 2011, the following directors were awarded Options over ordinary shares of 5p each in the Company (the "Options") in accordance with the provisions of the Discretionary Share Option Scheme adopted by the Company on 24 May 2007. The Options granted relate to the financial year ended 31 December 2010 and are subject to a three year vesting period with effect from 15 April 2011.
The exercise price for all Options awarded on 7 September 2011 will be 5p per ordinary share of the Company.
Director | Number of Options granted | Existing beneficial interest (in ordinary shares of the Company) |
Steve Hides | 39,362 | 208,780 |
Tony Hollox | 26,113 | 20,000 |
Robert Y G Andoh | 25,987 | 163,062 |
Exercise of the Options is subject to a performance condition based on the compound annual earnings per share ("EPS") growth measured over three financial years commencing with the financial year in which the Option is granted.
Options shall vest over a number of ordinary shares determined as follows:
Compound annual growth rate in EPS over the performance period | Percentage of options that vest |
15% or more | 100% |
Between 3% and 15% | Straight line basis between 10% and 100% |
3% | 10% |
Less than 3% | 0% |
Enquiries:
Hydro International | Arden Partners plc | Threadneedle Communications |
Tel.+44 (0)1275 878371 | Tel. +44 (0)20 7614 5917 | Tel. +44 (0)20 7653 9850 |
Steve Hides, CEO | Richard Day | Graham Herring |
Tony Hollox, CFO | Steven Douglas | John Coles |
Fiona Conroy |
About Hydro International
Hydro International plc (AIM:HYD.L) (Hydro) is a global supplier of environmentally sustainable solutions and innovative products for the control and treatment of stormwater, wastewater and combined sewer overflows. Hydro's products use a range of advanced technologies including award-winning advanced vortex technology. Headquartered in Clevedon, North Somerset, Hydro also operates in the UK from offices in Ely, Cambridgeshire as well as across the US from bases in Portland, Maine and Hillsboro, Oregon. The Group has a growing presence outside of its core US and UK markets in Ireland, Egypt, Middle East, European Union, Malaysia, Singapore, Japan, Korea, Australia and New Zealand.
Please visit the website for further information www.hydro-international.biz.
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