REDT.L Regulatory News (REDT)

27 Jul 2006 07:30

ARC Risk Management Group PLC27 July 2006 ARC RISK MANAGEMENT GROUP PLC Grant of share options Following the signing of the licensing agreement with AIG International Services("AIG IS") ARC Risk Management Group Plc ("ARC""), the AIM-listed globalsecurity company, is pleased to announce that it has granted options tosubscribe for 10.4m. shares at a price of 1p. These options can only beexercised if the consolidated pre-tax profit for the year ending 31st March 2008exceeds £2m., failing which they will lapse. If the profit target is achieved,the options will be exercisable until 31st March 2015 Of these options, 6,500,000 have been granted to the Group directors, with SimonWakeling, the managing director of red 24Ltd receiving options over 5m. sharesand the other directors, Simon Richards, Maldwyn Worsley-Tonks and John Mocattaeach receiving options over 500,000 shares. The remaining 3,900,000 options havebeen granted to members of the staff, who have been involved in the developmentof the red24 products. Commenting, Simon Richards, the Chairman of ARC said: "It is a sign of theconfidence of the Directors and senior management that we can grant options, theexercise of which is dependent on achieving such a high profit". ---ENDS--- ARC Risk Management Group plc 07713 684 263Simon Richards Threadneedle Communications 020 7936 9605Graham Herring / Josh Royston HB Corporate 020 7510 8600Imran Ahmad Notes to Editors: ARC Risk Management Group plc is a provider of security risk managementservices, offering preventative and reactive advice to help individuals avoidand manage personal risks to themselves and their families. The products aredistributed through leading international financial service companies. This information is provided by RNS The company news service from the London Stock Exchange