Grant of options

RNS Number : 9151D

Holders Technology PLC

03 May 2013

 



HOLDERS TECHNOLOGY plc

("Holders Technology" or the "Company")

Grant of Options

Holders Technology plc, (AIM: HDT), announces that on 2 May 2013 it granted options to acquire 47,000 ordinary shares of 10 pence each in the Company ("Shares") to Victoria Blaisdell, Group Managing Director, and options to acquire 37,500 Shares to Paul Geraghty, Group Finance Director. The options are granted under the rules of the Key Management Incentive Plan.

The number of Shares that Ms Blaisdell and Mr Geraghty are entitled to acquire is determined by reference to the average price of a Share during the period of 20 dealing days ending with the third anniversary of the grant of the award (or, in the event of an earlier change of control of the Company, the price per Share payable to shareholders to acquire control).  If that average share price is less than 70 pence, neither Ms Blaisdell nor Mr Geraghty will have any entitlement to acquire any Shares. If the average share price is 70 pence, Ms Blaisdell and Mr Geraghty will be entitled to acquire 4,700 Shares and 3,750 Shares respectively, and that entitlement will increase, on a straight line basis, to 47,000 Shares and 37,500 Shares respectively where the average share price is 127 pence or higher.  The options can be exercised between the third and fourth anniversary of grant at a price of 10 pence per Share, subject to the conditions above.

For further information, contact:

Holders Technology plc                                                                                                                020 8236 1490

Rudi Weinreich, Executive Chairman

Victoria Blaisdell, Group Managing Director

Paul Geraghty, Group Finance Director

Northland Capital Partners Limited - Nomad & Broker                                                  020 7796 8800

William Vandyk

Website www.holderstechnology.com

 

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