4 Nov 2015 13:40
4 November 2015
Imperial Innovations Group plc
Grant of share options
Imperial Innovations Group plc (AIM: IVO, "Innovations" or "the Group") has today granted options over ordinary shares in the capital of the Group ("Award Shares") to the following directors under its Long Term Incentive Plan ("LTIP").
Number of Award Shares | |
Russ Cummings | 100,752 |
Nigel Pitchford | 100,752 |
Tony Hickson | 32,454 |
The options have an exercise price of 493 pence per Award Share and are exercisable between November 2019 and November 2024, subject to certain performance conditions having been satisfied.
This grant of options is part of the Company's long-term incentive arrangements designed to align the interests of the shareholders and executives.
The Group's LTIP was adopted by the Board on 24 May 2006 and was approved by shareholders of the Company at an extraordinary general meeting on 20 July 2006. The LTIP provides for awards of, or related to, ordinary shares to be made to eligible employees. The arrangements are described more fully in the Directors' Remuneration Report in the Group's 2015 Annual Report, a copy of which is available on the Group's website (www.imperialinnovations.co.uk).
For further information please contact:
Imperial Innovations Group plc | 020 3053 8834 |
Martin Knight, Chairman William Rayner, Company Secretary
| |
Instinctif Partners | 020 7457 2020 |
Adrian Duffield/Melanie Toyne-Sewell
| |
J.P. Morgan Cazenove (Nominated Adviser) | 020 7742 4000 |
Michael Wentworth Stanley/Alec Pratt
| |
Cenkos Securities | 020 7397 8900 |
Christopher Golden |