19 Apr 2012 09:25
18 April 2012
Northbridge Industrial Services Plc
(the "Group")
Grant of options
The Group announces today that Eric Hook (Chief Executive), James Gould (Non-Executive Director) and Craig Robinson (Finance Director) were granted options over a total of 100,000 ordinary shares of 10p each as detailed below:
Director | Scheme | Number of options Granted | Exercise period | Exercise Price (p) | |
Eric Hook | Unapproved Share Options Scheme | 60,000 | 18/04/15 - 18/04/22 | 281.5 | |
Jim Gould | Unapproved Share Options Scheme | 20,000 | 18/04/15 - 18/04/22 | 281.5 | |
Craig Robinson | Unapproved Share Options Scheme | 20,000 | 18/04/15 - 18/04/22 | 281.5 |
Following the grant of options outlined above, Eric Hook, James Gould and Craig Robinson have options over the following ordinary shares:
Director | Scheme | Number of options Granted | |
Eric Hook | Unapproved Share Options Scheme | 570,702 | |
Approved Share Options Scheme | 27,899 | ||
Jim Gould | Unapproved Share Options Scheme | 86,713 | |
Approved Share Options Scheme | 19,522 | ||
Craig Robinson | Unapproved Share Options Scheme | 37,342 | |
Approved Share Options Scheme | 12,658 |
Apart from the above grants, the directors' holdings of ordinary shares remain unchanged and as previously announced.
For further information:
Northbridge Industrial Services plc | 01283 531645 |
Eric Hook, Chief Executive Officer | |
Craig Robinson, Finance Director | |
Westhouse Securities Limited (Nominated Adviser & Broker) | 020 7601 6100 |
Antonio Bossi | |
Adam Lloyd | |
Buchanan | 020 7466 5000 |
Charles Ryland | |
James Strong |
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, generators, compressors and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by acquisition of companies in the UK, Dubai, Azerbaijan and Australia and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.