K3 Business Technology Group PLC
22 June 2005
For immediate release 22 June 2005
K3 BUSINESS TECHNOLOGY GROUP PLC ('K3')
GRANT OF SHARE OPTIONS TO DIRECTORS
On 21 June 2005 K3 granted options over 50,000 ordinary shares of 25 pence each
at an exercise price of 94 pence under the company's Executive Share Option
Scheme 1994 to each of its three executive directors: Mr Andy Makeham, Mr David
Bolton and Mr Russell Dorset.
The options are exercisable between three and ten years after the date of issue
and are subject to the achievement of growth in earnings per share over the
three year period ending 31 December 2007. 100% of the options will become
exercisable if, at the end of the performance period, the annual growth rate in
earnings per share is at 25% or greater; 50% of the options will become
exercisable if, at the end of the performance period, the annual growth rate in
earnings per share is at or above 20% but less than 25%; 25% of the options
will become exercisable if, at the end of the performance period, the annual
growth rate in earnings per share is at or above 15% but less than 20%. The
earnings per share against which growth is measured is 6.0 pence per share for
the year ended 31 December 2004.
For further information contact:
K3 Business Technology Group plc 01282 864 111
Andy Makeham, Chief Executive
David Bolton, Finance Director
Biddicks 020 7448 1000
Katie Tzouliadis
This information is provided by RNS
The company news service from the London Stock Exchange
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