8 Feb 2013 11:00
Hydrogen Group plc
Grant of options to directors
Hydrogen Group plc (the "Group" or the "Company") announces that its Remuneration Committee has granted nil-cost options over the Company's ordinary shares of 1p each to its Executive Directors under the terms of the Company's share schemes. These awards are detailed below and relate to financial years ended 31 December 2009, 2011 and 2012 respectively and, although disclosed in the respective published Annual Reports, have not been previously announced.
On 17 Nov 2009 options were granted as follows. These options vest on 31 March 2013 dependent on the profit before tax of the Group in the period 2010 to 2012:
Share scheme | No. of options |
|
|
EMI Options |
|
Tim Smeaton | 22,362 |
Ian Temple | 40,000 |
Unapproved Share Option Scheme |
|
Tim Smeaton | 17,638 |
|
|
TOTAL | 80,000 |
On 21 Feb 2011 options were granted as follows. These options vest on 31 March 2014 dependent on the net fee income and profit before tax of the Group in the financial year 2013:
Share scheme | No. of options |
|
|
Unapproved Share Option Scheme |
|
Tim Smeaton | 138,000 |
Ian Temple | 38,000 |
John Glover | 38,000 |
|
|
TOTAL | 214,000 |
On 3 April 2012 options were granted as follows. These options vest on 31 March 2015 dependent on the net fee income and profit before tax of the Group in the financial year 2014:
Share scheme | No. of options |
|
|
Unapproved Share Option Scheme |
|
Tim Smeaton | 138,000 |
Ian Temple | 38,000 |
John Glover | 38,000 |
|
|
TOTAL | 214,000 |
For further information please contact
Hydrogen Group plc | +44 207 090 7737 |
Madeleine Scrafton |
|
|
|
Oriel Securities Limited (Nominated Adviser) | +44 207 710 7600 |
Nicholas How |
|
Tunga Chigovanyika |
|