27 Jan 2012 14:41
Universe Group PLC
("Universe" or the "Company")
Director Shareholding and Grant of Options
The Board of Universe (AIM:UNG.L) have been informed that Stephen McLeod, Chief Executive, today purchased 2,000,000 ordinary shares in the Company at 1.5p per share. Mr McLeod now holds 3,300,000 ordinary shares, representing approximately 2.88 per cent of the issued share capital.
Grant of Options
Universe announces that share options ("Options") to subscribe for ordinary shares of 5p each in the Company ("Shares") have been granted to each of the Executive Directors and to members of the senior management team. Options over 750,000 Shares have been issued to certain members of the senior management team and the following Options have been issued to the Executive Directors:
Director | Options granted | Scheme granted under | Vesting period | Total Options now held |
Stephen McLeod | 3,360,000 | Unapproved Share Option Scheme | 1 year | 3,360,000 |
Robert Smeeton | 250,000 | EMI Share Option Scheme | 3 year | 1,000,000 |
The Options are zero cost options and may be exercised only if the Company's share price is at or above 5 pence per share. The Options expire on the tenth anniversary of grant.
Contacts:
Universe Group PLC
Robert Goddard, Chairman
Stephen McLeod, Chief Executive
Tel: 02380 689510
Allenby Capital Limited
Jeremy Porter / Dan Robinson
Tel: 020 3328 5656