HYR.L Regulatory News (HYR)

8 Jul 2005 14:04

HydroDec Group plc08 July 2005 8 July 2005 Hydrodec Group plc Grant of options Hydrodec Group plc (the "Company") announces that it has today granted thefollowing options to its finance director, Philip Newell, under the Company'sshare option scheme: Number of ordinary shares of 0.5p each ("Ordinary Shares") First exercise under option Exercise price date Expiry date Philip Newell 1,500,000 22.0p 13 June 2007 12 June 2015 Philip Newell's options vest as to one third of the shares under option on eachof the first, second and third anniversaries of his starting employment with theCompany. Philip Newell's options were granted with an exercise price perOrdinary Share equivalent to the market price of an Ordinary Share when hejoined the Company. For further information please contact: Chris Nash, Chief Executive, Hydrodec T: 020 7861 9633Nick Fox, M:Communications T : 020 7153 1531 This information is provided by RNS The company news service from the London Stock Exchange