Grant of Options

3 Jan 2006 16:31

Felix Group PLC03 January 2006 FELIX GROUP PLC ("Felix" or the "Company") 3 JANUARY 2006 GRANT OF OPTIONS 1) NAME OF COMPANY FELIX Group plc 2) NAME OF DIRECTOR ANDREW EGAN 3) Please state whether notification indicates that it is in respect ofholding of the director named in 2 above or holding of that person's spouse orchildren under the age of 18 or in respect of a non-beneficial interest IN RESPECT OF HOLDING OF THE DIRECTOR NAMED IN 2 ABOVE 4) Name of the registered holder(s) and, if more than one holder, the numberof shares held by each of them (if notified) ANDREW EGAN 5) Please state whether notification relates to a person(s) connected with thedirector named in 2 above and identify the connected person(s) N/A 6) Please state the nature of the transaction. For PEP transactions pleaseindicate whether general/single co PEP and if discretionary/non discretionary GRANT OF OPTIONS UNDER THE FELIX GROUP PLC EXECUTIVE SHARE SCHEME AND THE FELIXGROUP PLC ENTERPRISE MANAGEMENT INCENTIVE SCHEME 7) Date of grant 22 DECEMBER 2005 8) Period during which or date on which exercisable ON ACHIEVEMENT OF PERFORMANCE CRITERIA (SEE NOTE 13) AND NO LATER THAN 21DECEMBER 2015 9) Total amount paid (if any) for grant of the option NIL COST at Grant 10) Description of shares or debentures involved: class, number UP TO 5,750,000 ORDINARY SHARES of 1P each 11) Exercise price (if fixed at time of grant) or indication that grant is tobe fixed at time of exercise 1p per ordinary share 12) Total number of shares over which options held following this notification 5,750,000 (see note 13 below) 13) Any additional information THE ABILITY TO EXERCISE THE OPTIONS IS SUBJECT TO SHARE PRICE PERFORMANCECRITERIA and OPTIONS will ONLY vest if the following performance criteira havebeen met: - 500,000: CLOSING MID-MARKET SHARE PRICE IS NOT LESS THAN £0.50 FOR ACONSECUTIVE PERIOD OF THIRTY DAYS - 1,000,000: CLOSING MID-MARKET SHARE PRICE IS NOT LESS THAN £0.75 FOR ACONSECUTIVE PERIOD OF THIRTY DAYS- 1,250,000: CLOSING MID-MARKET SHARE PRICE IS NOT LESS THAN £0.95 FOR ACONSECUTIVE PERIOD OF THIRTY DAYS- 500,000: CLOSING MID-MARKET SHARE PRICE IS NOT LESS THAN £1.25 FOR ACONSECUTIVE PERIOD OF THIRTY DAYS- 1,250,000: CLOSING MID-MARKET SHARE PRICE IS NOT LESS THAN £1.75 FOR ACONSECUTIVE PERIOD OF THIRTY DAYS - 1,250,000: CLOSING MID-MARKET SHARE PRICE IS NOT LESS THAN £2.50 FOR ACONSECUTIVE PERIOD OF THIRTY DAYS 14) Name of contact and telephone number for queries MIKE WALLWORK, COMPANY SECRETARy Tel: 01565 831 100 15) Name and signature of authorised company official responsible for makingthis notification MIKE WALLWORK Date of notification 3 JANUARY 2006 This information is provided by RNS The company news service from the London Stock Exchange