Last checked at 10 Dec 2008 07:00
Ten Alps plc
10 December 2008
Directors Dealings and Grant of Options
Directors Dealings
Ten Alps plc (the "Company") , the factual media company, has been informed that three Directors purchased ordinary shares in the Company on 9 December 2008 as follows:
Alex Connock, Chief Executive, has purchased 7,234 ordinary shares of 2 pence each ("Ordinary Shares") at a price of 23.5 pence per Ordinary Share through a self invested pension scheme.
Nitil Patel, Finance Director, has purchased 18,000 Ordinary Shares at a price of 24 pence per Ordinary Share.
Adrian Dunleavy, Executive Director, purchased 18,000 Ordinary Shares at a price of 23.4 pence per Ordinary Share through a self invested pension scheme.
Grant of Options
At the same time, the Company has granted options over a total of 800,000 new ordinary shares of 2p each at a price of 25p per share to certain directors of the Company granted under the Company's Unapproved Share Option Scheme ("USOS") as detailed below.
The USOS options will vest between 9 December 2011 and 9 July 2018. There are no performance conditions required to be satisfied pursuant to vesting / exercise.
The details of the options granted to directors are as follows:
| Directors | New USOS options granted | Total number of USOS options now held | Total number of EMI options now held | Total number of options now held |
| Alex M Connock | 200,000 | 400,000 | 248,750 | 648,750 |
| Nitil Patel | 200,000 | 400,000 | 248,750 | 648,750 |
| Sir Bob Geldof KBE | 200,000 | 598,750 | - | 598,750 |
| Adrian James Dunleavy | 200,000 | 400,000 | - | 400,000 |
Following the grant of options and the above transaction, Mr Connock is interested in 3,243,706 Ordinary Shares, representing 6.17% of the total issued share capital of the Company. Mr Connock is also interested in 648,750 options over Ordinary Shares of the Company.
Following the grant of options and the above transaction, Mr Patel is interested in 18,000 Ordinary Shares, representing 0.03% of the total issued share capital of the Company. Mr Patel is also interested in 648,750 options over Ordinary Shares of the Company.
Following the grant of options, Sir Bob Geldof is interested in 3,642,116 Ordinary Shares, representing 6.93% of the total issued share capital of the Company. Sir Bob Geldof is also interested in 598,750 options over Ordinary Shares of the Company.
Further to the Company's announcement of 8 December 2008, in relation to the appointment of Adrian Dunleavy to the board of the Company, and following the grant of options and the above transaction, Mr Dunleavy is interested in 84,900 ordinary shares in the Company, representing 0.16% of the issued shares capital of the Company. Mr Dunleavy is also interested in 400,000 options over Ordinary Shares of the Company.
For further information contact:
Ten Alps plc
Nitil Patel, FD 0207 878 2311
Email: moira@tenalps.com
Grant Thornton UK LLP
Fiona Owen
020 7383 5100