7 May 2013 15:20
Richoux Group plc
(the "Company")
Grant of Options
On 7th May 2013, the Company granted Ed Standring, an Executive Director of the Company, options over 1,528,917 ordinary shares of 4 pence each in the capital of the Company ("Ordinary Share").
The number of options that vest, and may be acquired by Mr Standring, is dependent on the Company meeting certain performance criteria during the 2012, 2013 and 2014 financial periods, as set by the remuneration committee of the Company. The options linked to the Company's performance in 2012 will vest at an acquisition price of 10 pence per Ordinary Share. The acquisition price for the remaining options shall be equal to 90 per cent of the value of the average 30 day ordinary share price in the 30 dealing days leading up to the conclusion of the relevant financial period. Following the above grant, Mr Standring holds options over 2,028,917 Ordinary Shares."
7th May 2013
Enquiries
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