Grant of Options

RNS Number : 1277V

Optare PLC

03 July 2009

 



Optare plc

(the 'Company')

Grant of Options to Directors

The Company announces that on 3 July 2009 it granted options over a total of 2,250,000 Ordinary Shares of 1 pence each in the Company under the Optare plc Unapproved Share Option Plan to the following Directors as follows:

Director	No. of options granted	Details	No. of options held subsequent to the grant	No. of shares in Company in which Director has voting rights (%ISC)
Jim Sumner	1,000,000	at 4.15 pence, being the average closing mid-price for the previous five days.	1,000,000	0            (0%)
Mike Dunn	750,000	250,000 at 1 pence and 500,000 at 4.15 pence	750,000	33,333    (0%)
John Fickling	500,000	250,000 at 1 pence and 250,000 at 4.15 pence.	500,000	975,666   (0.9%)

All options are exercisable for a period of 10 years from 3 July 2009 but are subject to lock-in agreements for two years from the director's date of appointment. 

 

END

 

 

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