8 May 2017 07:00
8 May 2017
Northbridge Industrial Services Plc
("Northbridge" or the "Group")
Grant of options
The Group announces that, on 5 May 2017, Eric Hook (Chief Executive), Ian Gardner (Tasman Managing Director) and Iwan Phillips (Finance Director) were granted options over a total of 90,000 ordinary shares of 10p each as detailed below:
Director | Scheme | Number of options Granted | Exercise period | Exercise Price (p) | |
Eric Hook | Schedule 4 CSOP Share Options Scheme | 29,411 | 05/05/20 - 05/05/27 | 102 | |
Eric Hook | Unapproved Share Options Scheme | 20,589 | 05/05/20 - 05/05/27 | 102 | |
Ian Gardner | Unapproved Share Options Scheme | 20,000 | 05/05/20 - 05/05/27 | 102 | |
Iwan Phillips | Schedule 4 CSOP Share Options Scheme | 20,000 | 05/05/20 - 05/05/27 | 102 |
Following the grant of options outlined above, Eric Hook, Ian Gardner and Iwan Phillips have options over the following ordinary shares:
Director | Scheme | Number of options | |
Eric Hook | Unapproved Share Options Scheme | 827,190 | |
Schedule 4 CSOP Share Options Scheme | 29,411 | ||
Ian Gardner | Unapproved Share Options Scheme | 116,000 | |
Iwan Phillips | Unapproved Share Options Scheme | 48,879 | |
Iwan Phillips | Schedule 4 CSOP Share Options Scheme | 27,121 |
Apart from the above grants, the directors' holdings of ordinary shares and share options remain unchanged and as previously announced.
-Ends-
For further information
Northbridge Industrial Services Plc 01283 531645
Eric Hook, Chief Executive Officer
Iwan Phillips, Finance Director
Stockdale Securities Limited (Bookrunner, Nominated Adviser and Broker) 020 7601 6100
Robert Finlay / Antonio Bossi / Henry Willcocks
Buchanan Communications 020 7466 5000
Charles Ryland / Stephanie Watson/ Catriona Flint
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, Dubai, Belgium, Germany, France, Australia, New Zealand, Singapore, China, Brazil and South Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers and oil tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers, by the acquisition of companies in the UK, Dubai, Australia, Belgium, New Zealand and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.