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4 Aug 2009 13:00
For immediate release
4 August 2009
SANDERSON GROUP PLC
("Sanderson" or the "Company")
Grant of Options
Sanderson Group plc ("Sanderson" or the "Company") announces that the Remuneration Committee has made the following award of options to subscribe for shares in the Company, to Mr Adrian Frost, the Group Finance Director.
Mr Frost has been granted the option under the 'Unapproved Company Share Option Plan' to subscribe for 200,000 new ordinary shares in the Company at an exercise price of 9.5 pence per share, being the mid-market price at the close of business on Monday 3rd August 2009. The exercise of the options is subject to performance targets having been achieved and the options are exercisable between 3rd August 2012 and 3rd August 2016.
Following the option grant, Mr Frost holds in aggregate options over 822,369 Sanderson ordinary shares and he has a beneficial interest in 26,000 ordinary shares, representing 0.06 per cent of the total voting rights of the Company.
For further information please contact:
|
Sanderson Group Plc |
02476 555466 |
|
Christopher Winn, Executive Chairman |
|
|
Charles Stanley Securities - Nominated Advisor and Broker |
020 7149 6000 |
|
Mark Taylor / Ben Johnston |
|
|
Winningtons Financial Paul Vann/Tom Cooper |
0117 920 0092 or 07768 807631 |
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