Issue of Options

RNS Number : 4983G

Cinpart PLC

02 February 2010

 



2 February 2010

CINPART PLC

("Cinpart" or the "Company")

Issue of Options

The Company announces that it has granted the following share options (the "Options") to Philip Palmer (Non-Executive Chairman), Christopher Foster (Executive Director) and Kevin Baker (Chief Executive) (together, the "Directors");

	Number of options
Philip Palmer	168,000
Christopher Foster	336,000
Kevin Baker	336,000

The Options have been issued with an exercise price of 20 pence, being the closing-middle market price on 1 February 2010, the day prior to the issue of the Options. The Options vest immediately and are exercisable until 2 February 2020.

Following the issue of the Options, the Directors will hold the following share options;

	Exercise Price (pence)	Number of Options	Date Granted	Exercisable Until
Consortia Trustees**	20	168,000	02/02/2010	02/02/2020
	1	450,000	29/06/2007	06/06/2017
	7	857,142	29/06/2007	06/06/2017
Christopher Foster	20	336,000	02/02/2010	02/02/2020
	6.375	1,823,480	22/05/2009	22/05/2019
	7	357,142	29/06/2007	06/06/2017
	1	500,000	29/06/2007	06/06/2017
Kevin Baker	20	336,000	02/02/2010	02/02/2020
	6.375	1,823,480	22/05/2009	22/05/2019
	7	357,142	29/06/2007	22/05/2017

**          The options held by Consortia Trustees Limited are held on behalf of a discretionary trust, beneficiaries of which include the family of P E Palmer.

Enquiries:

Cinpart Plc
Kevin Baker, Chief Executive Christopher Foster, Executive Director	Tel: [phone] Tel: [phone]
Merchant John East Securities Limited (Nominated Adviser)
John East/Simon Clements	Tel: [phone]
Mirabaud Securities LLP (Joint Broker)
Rory Scott	Tel: [phone]
Rivington Street Corporate Finance Limited (Joint Broker)
Dru Edmonstone	Tel: [phone]
Hansard Group (Public Relations)
Kirsty Corcoran/Justine James	Tel: [phone]

 

END

 

 

RDSDMGGZRMFGGZM