Last checked at 20 Dec 2007 10:38
GARNER PLC ("GARNER" OR THE "COMPANY") DIRECTOR DEALING / GRANT OF OPTIONS
The Board of Garner announces that on 19 December 2007, it granted options to certain staff and a director to subscribe for in aggregate 1,758,437 new ordinary shares in the Company of 1p each ("Ordinary Shares") pursuant to its Enterprise Management Incentive Share Option Scheme.
The key terms of the options are set out below:
Exercise price: 5.63p per Ordinary ShareExercise period: subject to certain provisions the options may be exercised from the first anniversary of the date of grant
No performance conditions were attached to the grant of options. The options will expire on the tenth anniversary of the date of grant.
DIRECTOR DEALING
Included in the options referred to above are 888,099 granted to Sue O'Brien, a director of the Company.
As at the date of this notification Sue O'Brien has an interest in 928,571 Ordinary Shares representing approximately 2.4 per cent. of the issued share capital of the Company and options over 888,099 Ordinary Shares.
The issued share capital of the Company is 37,968,937 Ordinary Shares.
The total number of options issued by the Company is 1,758,437 representing approximately 4.6 per cent. of the Company's issued share capital.
Contact:-Garner PlcAndrew GarnerTel: 020 7629 8822Nominated Adviser to GarnerCity Financial Associates LimitedTony RawlinsonTel: 020 7492 4777
GARNER PLC