Kellan Group Regulatory News (KLN)

29 Jan 2008 07:00

Berkeley Scott Group Plc29 January 2008 Berkeley Scott Group Plc DIRECTOR/PDMR SHAREHOLDING Berkeley Scott Group plc (the "Company") announces that options to purchaseordinary shares of 2p each in the Company have been granted to the followingdirectors on 28 January 2008. Tony Reeves, Non Executive Co-Chairman was granted options over 1,741,727Ordinary Shares of 2p each at an exercise price of 40p per share. Tony Reevesretains a beneficial interest in 8,802,251 Ordinary Shares of 2p each in theCompany, which represents approximately 10.12% of the Company's current issuedshare capital. John Bowmer, Non Executive Co-Chairman was granted options over 1,741,727Ordinary Shares of 2p each at an exercise price of 40p per share. John Bowmerretains a beneficial interest in 8,802,251 Ordinary Shares of 2p each in theCompany, which represents approximately 10.12% of the Company's current issuedshare capital. Michael Jackson, Non Executive Director was granted options over 870,863Ordinary Shares of 2p each at an exercise price of 40p per share. MichaelJackson retains a beneficial interest (including 888,679 shares held byElderstreet Investments Limited, of which he is Chairman) in 2,147,482 OrdinaryShares of 2p each in the Company, which represents approximately 2.47% of theCompany's current issued share capital. The exercise price of the options granted to Messrs Reeves, Bowmer and Jacksonis based on the subscription price offered to investors as part of the recentacquisition of Quantica plc. Their options have been issued under the Company's(2008) Unapproved Option Scheme for Non Executive Directors. Will Coker, Chief Financial Officer of the Company was granted options over400,002 Ordinary Shares of 2p each at an exercise price of 24.5p per share. Theexercise price is based on the closing price of the shares on the day prior tothe date of grant. The options, which have been issued under the Company'sUnapproved (2008) Share option plan comprise of 3 equal tranches of 133,334.Each tranche is exercisable, subject to a combination of the Company's financialand share price performance, in the Financial Years ending 31st December 2008,31st December 2009 and 31st December 2010 respectively. Will Coker retains a beneficial interest in 45,000 Ordinary Shares of 2p each inthe Company, representing approximately 0.05% of the Company's current issuedshare capital, and also has options previously granted in favour of him over100,000 Ordinary Shares of 2p each in the Company. At the same time as the option grants noted above, options have been granted toother members of the senior management team as part of the Company's intentionto incentivise and retain key employees. Options granted to the seniormanagement team are a combination of performance related options and share priceperformance related options. Enquiries: Berkeley Scott Group PlcJohn Rose, Chief Executive Officer 01483 414141Will Coker, Chief Financial Officer Daniel Stewart & Company PlcSimon Leathers / Stewart Dick 020 7776 6550 Brunswick Group LLPHelen Barnes / Helen Brown 020 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange