Last checked at 15 Jul 2009 11:10
AEC Education plc
("the Company")
Issue of options
The Company announces that it has today issued the following options over new ordinary shares of 10p each in the Company ("Ordinary Shares") to certain directors of the Company ("Options"). The Options can be exercised between a period of eighteen months and five years from the date of grant at a price of 17.2p per share. The Options have been issued as part of The AEC Education plc Unapproved Executive Share Option Scheme ("the Scheme").
| Director | Options granted | Options already held under the Scheme | Current Ordinary Shareholding | Current percentage of the existing issued ordinary share capital |
| David Ho Chief Executive Officer | 500,000 | 250,000 | 25,000 (1) | 0.06 |
| Liam Swords Chairman | 400,000 | 200,000 | 1,000,000 | 2.34 |
| Gopinath Pillai Non-executive Director | 350,000 | - | 25,000 (2) | 0.06 |
| Ramasamy Jayapal Non-executive Director | 350,000 | - | 574,047 | 1.34 |
(1) This shareholding is registered in the name of David Ho's wife.
(2) This shareholding is registered in the name of Gopinath Pillai's wife.
In addition, KSP Investments Pte Ltd currently holds 11,035,037 Ordinary Shares which represents 25.83 per cent. of the existing issued share capital of the Company. David Ho and Gopinath Pillai, hold 44% and 19.5%, respectively, of KSP Investments Pte Ltd.
For further information contact:
| AEC Education plc | |
| Liam Swords | Office: +44 (0) 20 8308 1202 |
| Mobile: +44 (0) 7775 787 427 | |
| WH Ireland Limited (NOMAD & Broker) | |
| Adrian Kirk | +44 (0)161 832 2174 |
| Stuart Forshaw | |
| Biddicks | |
| Katie Tzouliadis | +44 (0) 207 448 1000 |
| Sophie Lane |