4 Jul 2008 10:52
Blavod Extreme Spirits PLC (the "Company")
4 July 2008
Grant of Options
At the annual general meeting ("AGM") held on 1 July 2008 an ordinary resolution was passed by shareholders to allow the Directors to cancel existing options under the Company's Enterprise Management Incentive Scheme, and to issue 3,865,000 new options over shares to employees and Directors of the Company.
At a Board meeting held on 4 July 2008 all the Existing Options previously granted to current members of staff and Directors were cancelled and 3,865,000 new options were issued.
Of these options the following were granted to Directors of the Company:
| Name of Option Holder | Number of Shares under Option |
| Richard Ambler | 1,250,000 |
| Lawrence Banks | 350,000 |
| Colin Campbell | 350,000 |
| Willie Phillips | 350,000 |
All new options were granted on the following terms:
Exercise price of 5p - which is a premium of 17.6 per cent. to the mid-market price over the 3 business days prior to the date of grant.
Term : up to 10 years
For further information, please contact:
Blavod Extreme Spirits plc
Richard Ambler (Managing Director) 0207 352 2096
Brewin Dolphin (Nominated Adviser)
Neil Baldwin/Alison Barrow 0845 270 8600
ENDS
Distil (DIS)