Orascom Inv Regulatory News (OIH)

26 Jun 2007 16:26

Omega Insurance Holdings Limited26 June 2007 26 June 2007 OMEGA INSURANCE HOLDINGS LIMITED Grant of Options to Directors The following executive Directors of the Company disclosed to the Company on 25June 2007 that they were granted nil cost options under the Omega InsuranceHoldings Limited Long Term Incentive Plan over the Company's common shares ofUS$0.10 each on 25 June 2007 as follows: Name of executive Director Number of share options granted Exercise price Total number of share options held following this notification John Robinson 2,600,000 Nil 3,350,000 Richard Tolliday 2,600,000 Nil 5,096,756 Penny James 250,000 Nil 750,000 Subject to certain performance conditions being met, the options will vest on asliding scale basis over a period of between three and seven years from the dateof grant and may not be exercised later than the tenth anniversary of the dateof grant. Such options that do not vest due to the performance conditions notbeing met will lapse. Enquiries: Malcolm Mitchell, Company Secretary +1 441 299 4984 Jeremy Gorman, Assistant Company Secretary +44 (0)20 7935 0027 John Coles, Threadneedle Communications +44 (0)20 7936 9604 This information is provided by RNS The company news service from the London Stock Exchange