Issue of Options

RNS Number : 7280S

Cinpart PLC

22 May 2009

 



22 May 2009

CINPART PLC

('Cinpart' or the 'Company')

Issue of Options

The Company announces that it has granted the following share options (the 'Options') to Christopher Foster (Executive Director) and Kevin Baker (Chief Executive) (together, the 'Directors');

	Number of options
Christopher Foster	1,823,480
Kevin Baker	1,823,480

The Options have been issued with an exercise price of 6.375 pence, being the average closing-middle market price of the three days following the release of the Company's accounts to 31 December 2008 on 19 May 2009. The options vest immediately and are exercisable until 22 May 2019.

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

	Exercise Price (pence)	Number of Options	Date Granted	Exercisable Until
Christopher Foster	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	6.375	1,823,480	22/05/2009	22/05/2019
	7	357,142	29/06/2007	22/05/2017

Enquiries:

Cinpart
Christopher Foster, Executive Director	Tel: [phone]
Kevin Baker, Chief Executive	Tel: [phone]
John East & Partners Limited, a subsidiary of Merchant Securities Plc (Nomad)
John East/Simon Clements	Tel: [phone]
Rivington Street Corporate Finance Limited (Broker)
Monisha Varadan	Tel: [phone]

 

END

 

 

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