Tavistock Regulatory News (TAVI)

5 Aug 2005 16:31

Bright Things plc05 August 2005 5 August 2005 BRIGHT THINGS PLC GRANT OF OPTIONS The options in this release were approved on 20 July 2005. Options have been granted to Directors of the Company over a total of 75,000Ordinary Shares of 10p each. They are exercisable at a price of £1.495p pershare, representing the valuation of the shares at the closing middle marketprice on 21 July 2005. Director Options over SharesMatthew Tims(1) 25,000Adrian Moores (2) 50,000 (1) The options were granted under a separate contract, one-third exercisable for a period from 1 to 10 years from the date of grant; one third exercisable for a period from 2 to 10 years from date of grant; one-third exercisable for a period from 3 to 10 years from date of grant. (2) These options are pursuant to the rules of the Bright Things plc EMI Plan and are exercisable at any time between 3 and 10 years from the date of grant. As a result of these grants Messrs Tims and Moores have options over 275,000 and275,000 Ordinary Shares of £0.10p each. In addition a further 440,000 options to purchase Ordinary Shares of 10p each inthe Company were granted to Employees and Contractors as part of their incentivepackage for performing services to the company, exercisable at a price of£1.495p per share, representing the valuation of the shares at the closingmiddle market price on 21 July 2005. Options were granted to Employees pursuantto the rules of the Bright Things plc EMI Plan and are exercisable at any timebetween 3 and 10 years from date of grant. Options were granted to Contractorsunder separate contracts and are exercisable over time periods between 1 and 10years from date of grant. ENDS For further information please contact: Giles Croot / Mark Antelme, Brunswick 020 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange