Appointment of Director and Grant of Share Options

RNS Number : 7979L

Pentagon Protection PLC

16 August 2013

 



RNS ANNOUNCEMENT

16 August 2013

Pentagon Protection plc

("Pentagon" or the "Company")

Appointment of Non-Executive Director and

Grant of Share Options

Pentagon Protection plc (AIM:PPR) is pleased to announce the appointment of Cecil O'Brien as a non-executive director of the Company.

Mr O'Brien is currently Managing Director of Auto Protect Systems LLC based in Dubai, UAE. Cecil has many years of experience working in various industries in the Middle East and the UK, including automotive finance and insurance, automotive retail sales and magazine publishing, establishing new ventures and raising capital. He was also instrumental in establishing the UAE's first credit bureau.

A qualified Chartered Management Accountant and Chartered Secretary, Cecil also has an MBA from Edinburgh University.

Haytham ElZayn, Chairman commented: "We are delighted to welcome Cecil O'Brien onto the board of Pentagon. Cecil brings a wealth of market knowledge, expertise and experience which will benefit the Company going forward."

Mr O'Brien, aged 57, is or has been in the previous 5 years, a director of the following companies:

Current directorships	Former directorships
Auto Protect Systems Ltd	None
Auto Protect Systems LLC

The Company confirms that there is no other information which is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

Pentagon also announces the grant of share options on 14 August over a total of 350,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") to Managing Director, Steve Chambers and Sales Director Stephen Harrhy under the Company's EMI scheme.  These options have an exercise price of £0.16 per share.

The options over 300,000 Ordinary Shares granted to Steve Chambers are exercisable in three tranches, 100,000 immediately, 100,000 after one year and a further 100,000 after two years and thereafter may be exercised until 13 August 2023.

The options over 50,000 Ordinary Shares granted to Steve Harrhy are exercisable immediately until 13 August 2023.

Following these grants, Steve Chambers holds options over 300,000 Ordinary Shares and Stephen Harrhy holds options over 250,000 Ordinary Shares.

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Enquiries:

Pentagon Protection Plc Haytham ElZayn, Chairman Steve Chambers, Managing Director	Tel: [phone]
Cantor Fitzgerald Europe (Nominated adviser) David Foreman / Catherine Leftley	Tel: [phone]
Allenby Capital (Broker) Jeremy Porter	Tel: [phone]

Notes to Editors:

About Pentagon Protection

Pentagon Protection is a trusted provider of security and energy saving solutions for clients around the globe.  Admitted to AIM in March 2003, Pentagon consists of three divisions focused on security solutions, energy efficiency and carbon reduction.  Visit the website at Pentagon Protection PLC or contact us at [e-mail].

About SDS Group Ltd

Acquired by Pentagon Protection in September 2008 to enhance the group's portfolio of security products and services, SDS is a leading provider of training, consulting and security equipment, including highly-specialist security and search equipment.  SDS customers and clients include governments, police forces, security and defence forces in the UK and around the world. Visit our website at SDS Group Limited or contact them at [e-mail]

About International Glass Solutions

Acquired by Pentagon Protection in 2010, IGS is headquartered in the United States and specialises in window film installation and project management services for commercial and government buildings, retail clients and large office buildings. IGS improves the group's capability and increases our exposure and reach into the North American market.  Visit the website at International Glass Solutions, LLC or contact them at [e-mail]

 

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