11 Apr 2014 07:00
Northbridge Industrial Services Plc
(the "Group")
Grant of options
The Group announces that Eric Hook (Chief Executive) and Craig Robinson (Finance Director) were granted options over a total of 70,000 ordinary shares of 10p each as detailed below:
Director | Scheme | Number of options Granted | Exercise period | Exercise Price (p) | |
Eric Hook | Approved Share Options Scheme | 6,615 | 10/04/17 - 10/04/24 | 453.5 | |
Eric Hook | Unapproved Share Options Scheme | 43,385 | 10/04/17 - 10/04/24 | 453.5 | |
Craig Robinson | Unapproved Share Options Scheme | 20,000 | 10/04/17 - 10/04/24 | 453.5 |
Following the grant of options outlined above, Eric Hook and Craig Robinson have options over the following ordinary shares:
Director | Scheme | Number of options | |
Eric Hook | Unapproved Share Options Scheme | 649,986 | |
Approved Share Options Scheme | 6,615 | ||
Craig Robinson | Unapproved Share Options Scheme | 73,342 | |
Approved Share Options Scheme | 12,658 |
Apart from the above grants, the directors' holdings of ordinary shares remain unchanged and as previously announced.
For further information
Northbridge Industrial Services plc 01283 531645
Eric Hook, Chief Executive Officer
Craig Robinson, Finance Director
Westhouse Securities Limited (Nominated Adviser and Broker) 020 7601 6100
Robert Finlay/Antonio Bossi /Paul Gillam/Henry Willcocks
Buchanan Communications 020 7466 5000
Charles Ryland / Clare Akhurst
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, generators, compressors and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.
NBI.L (NBI)