Grant of Options

22 Apr 2009 17:36



For immediate release 22 April 2009

 

Northbridge Industrial Services plc. 

("Northbridge" or "the Company") 

Grant of Options

The Company announces today that on 20 April 2009 Eric Hook (Chief Executive), James Gould (Non-executive Director) and Ash Mehta (Finance Director) were granted options over a total of 66,000 ordinary shares of 10p each as detailed below:

Director	Scheme	Number of options granted	Exercise period	Exercise price
Eric Hook	Unapproved Share Option Scheme	40,000	20.04.2012 - 20.04.2019	154p
James Gould	Unapproved Share Option Scheme	20,000	20.04.2012 - 20.04.2019	154p
Ash Mehta	Unapproved Share Option Scheme	6,000	20.04.2012 - 20.04.2019	154p

Following the grant of options outlined above, Eric Hook, James Gould and Ash Mehta have options over the following ordinary shares:

Director	Scheme	Total number of options granted
Eric Hook	Unapproved Share Option Scheme Approved Share Option Scheme	351,000 29,000
James Gould	Unapproved Share Option Scheme Approved Share Option Scheme	26,000 19,000
Ash Mehta	Unapproved Share Option Scheme	30,000

About Northbridge: 

Northbridge Industrial Services was incorporated for the purpose of acquiring companies that hire and sell specialist industrial equipment supplying a non-cyclical customer base including utility companies, the public sector and the oil and gas industries. In particular it will seek to acquire specialist businesses that have the potential for expansion into complete outsourcing providers. 

 

 

For further information 

 

Northbridge Industrial Services Plc. 

Eric Hook, Chief Executive 01283 531645

Charles Stanley Securities (Nominated Adviser)

Freddy Crossley / Jen Boorer 0207 149 6000

Buchanan Communications 

Isabel Podda 020 7466 5000 

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