STA.L Regulatory News (STA)

28 Jan 2005 15:45

Stagecoach Theatre Arts PLC 28 January 2005 Stagecoach Theatre Arts plc (the "Company") Additional Listing and issue of share options The Company today applied for 151,145 ordinary shares of 5p each in the Company("Ordinary Shares") to be admitted to AIM. These shares are being issuedpursuant to the exercise of options by Richard Dawson, Finance Director, on 27thJanuary 2005. Admission of these shares is expected to take place on 4thFebruary 2004. Following the exercise of these options, the resultant shareholding of RichardDawson will be 151,145 Ordinary Shares, being 1.53 per cent. of the Company'sissued ordinary share capital. On 27th January 2005, the Company issued further share options to Directors andstaff amounting to a total of 509,000 Ordinary Shares under option, each at anexercise price of 67.5 pence, being the mid-market price of the Ordinary Sharesat time of grant. Of this total, Richard Dawson and Manzoor Ishani, bothDirectors of the Company, were each issued 100,000 Ordinary Shares under option.Options granted to Directors are subject to performance criteria relating toEarnings per Share growth. Following the grant of these options, total optionsover Ordinary Shares outstanding represent 8.24% of the Company's issuedordinary share capital. This information is provided by RNS The company news service from the London Stock Exchange