Issue of Options

4 Jan 2007 17:56

2 ergo Group plc04 January 2007 Immediate release 4 January 2007 2ergo Group plc ("the Company" or "the Group") Issue of Options The Board of 2ergo is pleased to announce that it granted options over a total of up to 753,088 ordinary shares in the Company to certain employees on 21 December 2006. Included in the above are options to acquire 74,074 ordinary shares awarded to each of Barry Sharples and Neale Graham, Joint Managing Directors, and options to acquire up to 185,186 ordinary shares awarded to Jill Collighan, Finance Director. These awards of options are dependent upon the Group meeting certain performancecriteria for the financial year ended 31 August 2007. All of the above options are exercisable at a price of 202.5p per share, being the share price on the 31 August 2006, the date the options were agreed. These options are exercisable on dates as follows: 1/3 from 31 August 2008, 1/3 from 31 August 2009 and 1/3 from 31 August 2010. -ends- For further information, please contact: 2ergo Group 01706 221 777Neale Graham, Joint Managing DirectorBarry Sharples, Joint Managing Director Tavistock Communications 020 7920 3150Matt Ridsdale/Simon Compton This information is provided by RNS The company news service from the London Stock Exchange