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4 May 2011 07:00
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4 May 2011
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Triple Plate Junction Plc
("TPJ" or the "Company")
Intended Issue of Options
The Company today announces that it intends to grant options to subscribe for up to 6,000,000 ordinary 1 pence shares in the Company, at varying exercise prices, to certain directors of the Company (the "Directors' Option Shares"), subject to shareholder approval at a General Meeting. The details of these Directors' Option Shares are set out in the table below.
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It is intended that Bill Howell will be granted 2,000,000 options over 2,000,000 Ordinary Shares exercisable at 7.5 pence per share (based on the last 30 day average closing price) and 2,000,000 options over 2,000,000 Ordinary Shares exercisable at 10 pence per share (based on the last 30 day average closing price).
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It is also intended that Chris Goss will be granted 1,000,000 options over 1,000,000 Ordinary Shares exercisable at 7.5 pence per share (based on the last 30 day average closing price) and 1,000,000 options over 1,000,000 Ordinary Shares exercisable at 10 pence per share (based on the last 30 day average closing price).
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Both Bill and Chris' shares options will vest over a three year period subject to certain performance conditions. A further announcement will be made in this regard in due course.
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For further information, please contact:
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Triple Plate Junction Plc +44 (0) 7775 693 237
Fraser McGee
Daniel Stewart & Company plc +44 (0) 20 7776 6550
Antony Legge / Oliver Rigby
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Financial Dynamics +44 (0) 20 7831 3113
Ben Brewerton / Oliver Winters
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