Kellan Group Regulatory News (KLN)

20 Dec 2005 12:11

Berkeley Scott Group Plc20 December 2005 Director Shareholding Berkeley Scott Group plc (the "Company") announces that on Thursday December15th, Will Coker, Chief Financial Officer of the Company was granted optionsover 70,000 Ordinary Shares of 2p each at an exercise price of 25.5p per share. The options, which have been issued under the Company's existing EMI schemecomprise 2 tranches:- (1) 20,000 options which are subject to the Company'sperformance in the financial year ending 30 September 2006 whereby EBITDA asshown in the Company's consolidated profit and loss account for that year mustbe at least £925,000; and (2) 50,000 options granted subject to the Company'sperformance in the financial year ending 30 September 2007 whereby EBITDA asshown in the Company's consolidated profit and loss account for that year mustbe either of at least £1,150,000 or the same as the Company's EBITDA for thefinancial year ending 30 September 2006, whichever is the greater. These optionsare exercisable after 3 years from the date of grant. Will Coker's options have been granted at the same time as options 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 andnon-performance related options. Also on 15 December 2005, Roger Taylor, Senior Non-Executive Director of theCompany waived his entitlement under the option granted to him by the Companyfor the purchase of 15,000 Ordinary Shares of 2p each pursuant to the Company's1999 unapproved share option scheme. This waiver is pursuant to the Company'spolicy for non-executive directors of the Company not to be granted shareoptions. Will Coker retains a beneficial interest in 20,000 Ordinary Shares of 2p each inthe Company. Will Coker also has an option granted in favour of him by theCompany over 100,000 Ordinary Shares of 2p each in the Company, 50,000 of thoseoptions which are granted unconditionally and 50,000 options granted subject toperformance criteria of the Company. Roger Taylor also retains a beneficial interest in 41,246 Ordinary Shares of 2peach in the Company. This information is provided by RNS The company news service from the London Stock Exchange