Grant of options

RNS Number : 3538D

IDOX PLC

22 March 2011

 



22 March 2011

IDOX PLC

Grant of options and directors' interests

IDOX announces that on 18 March 2011 options were granted, pursuant to the unapproved share option scheme adopted by the Board on 1 February 2007, to the below-noted directors following the agreement of the terms of these options at the meetings of the remuneration sub committees of the Board held on 15 March 2011 and 18 March 2011. Options have also been awarded to other members of the management team as well as those members of the Board, consistent with the Board's commitment to aligning shareholders, the Board and senior executives' interests.

All options referred to are exercisable over ordinary shares of 1p each in the share capital of the Company ('Ordinary Shares').

Director	No. of options granted
Martin Brooks, Chairman	1,000,000
Richard Kellett-Clarke, Chief Executive Officer	2,500,000
William Edmondson, Chief Financial Officer	1,500,000
Christopher Wright, Non-Executive Director	250,000
Peter Lilley, Non-Executive Director	250,000

The options granted are subject to the following conditions:

Director	# of options	Exercise price/p	Date Granted	Vesting Period	Latest Exercise Date
Martin Brooks	1,000,000	20	15 March 2011	Quarterly over 3 years	14 March 2021
Richard Kellett-Clarke	2,500,000	20	15 March 2011	Quarterly over 3 years	14 March 2021
William Edmondson	1,500,000	20	15 March 2011	Quarterly over 3 years	14 March 2021
Christopher Wright	250,000	20	15 March 2011	Quarterly over 3 years	14 March 2021
Peter Lilley	250,000	20	15 March 2011	Quarterly over 3 years	14 March 2021

In addition to the share options above, the directors hold the following beneficial interests in the share capital of the Company:

Director	Nature of Holding	Ordinary Shares Held	% of issued share capital
Martin Brooks	Direct	271,079	0.08
Martin Brooks	Indirect	2,952,127	0.85
Richard Kellett-Clarke	Direct	2,818,181	0.81
Richard Kellett-Clarke	Indirect	1,616,667	0.46
Richard Kellett-Clarke	Indirect	1,200,000	0.35
William Edmondson	Direct	100,000	0.03
Christopher Wright	Direct	912,222	0.26
Peter Lilley	Direct	533,000	0.15

In addition to the share options above, the following options have already been granted to the Directors over Ordinary Shares:

Director	# of options	Exercise price/p	Date Granted	Vesting Period	Latest Exercise Date
Richard Kellett-Clarke	2,250,000	6.5	Feb 07	Quarterly over 5 years	Oct 2011
Richard Kellett-Clarke	2,250,000	9	Feb 07	Quarterly over 3 years	Oct 2014
Richard Kellett-Clarke	275,000	15	Dec 07	Quarterly over 3 years	Dec 2017
Richard Kellett-Clarke	769,231	13	Aug 08	Quarterly over 5 years	Aug 2018
Richard Kellett-Clarke	666,667	15	Aug 08	Quarterly over 5 years	Aug 2018
Richard Kellett-Clarke	2,439,024	10.25	Mar 10	Quarterly over 3 years	Mar 2020
Martin Brooks	2,250,000	6.5	Feb 07	Quarterly over 3 years	Oct 2011
Martin Brooks	2,250,000	9	Feb 07	Quarterly over 3 years	Oct 2014
Martin Brooks	275,000	15	Dec 07	Quarterly over 3 years	Dec 2017
Martin Brooks	423,077	13	Aug 08	Quarterly over 5 years	Aug 2018
Martin Brooks	366,667	15	Aug 08	Quarterly over 5 years	Aug 2018
Martin Brooks	975,610	10.25	Mar 10	Quarterly over 3 years	Mar 2020
William Edmondson	1,268,293	10.25	Mar 10	Quarterly over 3 years	Mar 2020
Christopher Wright	243,902	10.25	Mar 10	Quarterly over 3 years	Mar 2020
Peter Lilley	243,902	10.25	Mar 10	Quarterly over 3 years	Mar 2020

Enquiries:

IDOX
Martin Brooks, Chairman	020 7332 6000
Richard Kellett-Clarke, Chief Executive Officer
William Edmondson, Chief Financial Officer
Investec
Andrew Pinder / Patrick Robb / Dominic Emery	020 7597 4000
College Hill
Adrian Duffield / Kay Larsen	020 7457 2020

 

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