Director/PDMR Shareholding

RNS Number : 5717F

Stanelco PLC

10 October 2008

 



Stanelco PLC ('Stanelco' or the 'Company')

PDMR Shareholding

Stanelco announces that on 24 September 2008 the Company issued a letter of wishes to the trustees of the Stanelco Plc Employee Benefit Trust (EBT) asking them to consider appointing 44,186,046 options over Stanelco plc Ordinary Shares of 0.1p each to sub trusts for the benefit of Neil Martin, a PDMR of the Company, and his connected parties. On 8 October 2008 the grant of these options was confirmed by the trustees of the EBT as follows:

	Date Granted	Date exercisable	Date option lapses	Exercise price	Ordinary Shares
Neil Martin	24 September 2008	24 September 2011	23 September 2018	0.43p	44,186,046

On the expiration of 3 years from the date of the grant, if the share price of Stanelco plc Ordinary Shares of 0.1p each is equal to 1.0p then 25% of the options will become available for exercise. The proportion of options available will increase pro-rata up to 100 per cent if the share price is 2.5p or greater.

For further information please contact: 

Paul Mines, Chief Executive, Stanelco plc Clive Warner, Finance Director, Stanelco plc

Tel: [phone]

 

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