Grant of Share Options

RNS Number : 8972Q

Sagentia Group PLC

26 October 2011

 



26 October 2011

Sagentia Group plc

("Sagentia" or the "Company")

Grant of Share Options

Sagentia Group plc (AIM:SAG), the outsource technology R&D company, announces that on 17 October 2011 the Company granted various options over ordinary shares in its share capital to Directors and employees of the Company.

Options have been granted over a total of 780,000 ordinary shares; 357,874 under the Approved Scheme and 422,126 under the Unapproved Scheme.

Each of these options vest after three years from the date of issue and are exercisable at 80 pence per share for a period of seven years from vesting, provided that the Company's share price has reached at least 120 pence per share for a period of 20 consecutive trading days.

Options granted to Directors are shown in the table below:

Director	Approved Share Scheme	Unapproved Share Scheme	Total Options Granted on 17 October 2011
Brent Hudson	-	100,000	100,000
Neil Elton	37,500	62,500	100,000

Save for the above, the directors' beneficial interests in the share capital of the Company remain unchanged and as previously announced.

- Ends -

For further information:

Sagentia Group plc
Martyn Ratcliffe, Chairman
Brent Hudson, Chief Executive	Tel: [phone]
Neil Elton, Finance Director	www.sagentia.com

Numis Securities Limited
Nominated Adviser: Oliver Cardigan / Simon Willis Corporate Broking: James Serjeant	Tel: [phone]

Media enquiries:

Abchurch
Henry Harrison-Topham / Jamie Hooper	Tel: [phone]
[e-mail]	www.abchurch-group.com

 

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