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27 May 2009 13:36
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27Β May 2009
COBURG GROUP PLC
Granting of Options Under Share Option Scheme
Coburg Group PLC (theΒ 'Company') announces that,Β in respect ofΒ itsΒ Enterprise Management Incentive ('EMI') share option scheme,Β as announced on 10 October 2005,Β it has been agreed by the board thatΒ all theΒ optionsΒ alreadyΒ grantedΒ under this EMIΒ schemeΒ will be allowed to lapse.
Under the terms of the EMI scheme,Β furtherΒ options haveΒ todayΒ been granted to acquire up toΒ 500,000 Coburg Group plc ordinary shares of 5p each.
Employees of the Company have been granted options as follows:
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Number of shares
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Vesting date
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Exercise price
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150,000
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27 May 2009
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5.625p
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In addition, Christopher Birkle, Group Managing Director, has been grantedΒ options as follows:
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Number of shares
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Vesting date
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Exercise price
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350,000
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27 May 2009
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5.625p
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All of theΒ 500,000Β options can be exercised at any time between the vestingΒ date andΒ 5Β October 2015.
For further information please contact:
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Chris Birkle
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Coburg Group PLC
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+44 (0)20 8317 6410
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Colin Aaronson
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Grant Thornton UK LLP
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+44 (0)20 7383 5100
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