Grant of Share Options

RNS Number : 4202S

Belvoir Lettings PLC

24 September 2014

 



For Immediate Release	24 September 2014

BELVOIR LETTINGS PLC

(the "Company" or "Belvoir")

Grant of Share Options

Belvoir Lettings PLC (AIM: BLV), one of the UK's largest lettings franchises, announces that  options over 60,000 ordinary shares of one penny  each were granted  today to a newly appointed senior member of staff under the Company's Enterprise Management Incentive Scheme.

The options have an exercise price of 132p which is consistent with those issued in July to existing directors and staff and is in excess of the closing price on 23 September 2014.  This valuation method has been confirmed with HMRC.

The terms of the grant under the scheme provide that there be a three year vesting period and that the options lapse on the 10^th anniversary of the date of grant.

The total number of options now outstanding over Ordinary Shares is 898,399 representing 3.74 per cent. of the Company's total issued share capital.

---ends---

For further details:

Belvoir Lettings PLC Mike Goddard, Chairman and CEO Louise George, Finance Director	01476 584900  [e-mail]
Cantor Fitzgerald Europe Rick Thompson, David Foreman, Corporate Finance David Banks,  Corporate Broking	0207 894 7000
Buchanan Charles Ryland, Gabriella Clinkard	0207 466 5000

About Belvoir Lettings PLC

Belvoir was founded in February 1995 by Mike and Stephanie Goddard. Its Central Office is in Grantham, Lincolnshire.

Belvoir is recognised as one of the largest specialist lettings agency franchises in the UK, with 160+ offices nationwide and aims to have 200 franchises in the next three years. Belvoir was officially awarded the Best Lettings Agency Franchise Gold Award at the 2014, 2013, 2012 and 2010 Lettings Agency of the Year Awards in association with The Sunday Times & The Times. Belvoir also won the Silver Award in 2011.

Belvoir was voted Best Large Lettings Chain at the Estate & Letting Agent Awards (ESTAs) 2013, and won Silver in 2014. Belvoir has won Brand Builder of the Year at the bfa Franchisor of the Year Awards 2011 and Best Marketing Campaign of the Year at the Franchise Marketing Association (FMA) Awards 2011. Belvoir is a founder member of the SAFE Agent Kitemark scheme, which is fully supported by NALS. SAFE Agent promotes client money protection (CMP) and provides consumers with a clear message on those agents they should do business with.

Belvoir successfully listed on the AIM market of the London Stock Exchange on 21^st February, 2012. 

 

END

 

 

RDSQKNDNPBKDOCB