Last checked at 7 Apr 2014 15:16
Robinson plc
Award of Share options
The Company announces that on 7 April 2014 share options were approved for issue by the Remuneration Committee under the terms of the 2004 Enterprise Management Incentive Plan Amended and Updated as follows:-
No. of options on 0.5p ordinary shares | Option price | Total options now held | |
Adam Formela (Chief Executive) | 99,256 | 201.5p | 798,453 |
Guy Robinson (Finance Director) | 67,494 | 201.5p | 317,494 |
These share options granted are exercisable at any time between the third and tenth anniversary of the date they were granted, subject to the achievement of certain performance criteria.
In addition to the options issued above;
Adam holds 200,803 ordinary shares; 249,197 options over ordinary shares exercisable before 31 March 2020 at 43p and 450,000 options over ordinary shares exercisable before 4 May2011 at 69p.
· Guy holds 899,500 ordinary shares; 250,000 options over ordinary shares exercisable before 4 May2011 at 69p.
For more information please contact:
Robinson plc | |
Guy Robinson, Finance Director | Tel: 01246 389283 |
www.robinsonpackaging.com | |
WH Ireland | |
Katy Mitchell | Tel: 0161 832 2174 |
Note for Editors:
Headquartered in Chesterfield, with manufacturing facilities in Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire) and Lodz (Poland), Robinson currently employs around 225 people. It was formerly a family business, with its origins dating back some 175 years. Today the Group's main activity is the manufacture and sale of injection moulded plastic packaging. Robinson operates primarily within the food, drink, confectionery, cosmetic and toiletry sectors, providing niche or custom manufacture to major players in the fast moving consumer goods market, such as Proctor & Gamble, Nestle, Kraft, United Biscuits, 2 Sisters Group, Masterfoods, Bakkavor, Avon, Boots and Dr Oetker. The Group also has a substantial property portfolio with development potential.