Grant of Share Options

RNS Number : 0615N

Sagentia Group PLC

03 September 2013

 



3 September 2013

Sagentia Group plc

("Sagentia" or the "Company")

Grant of Share Options

Sagentia Group plc (AIM:SAG) announces that on 30 August 2013, the Company granted various options ('Options') over ordinary shares in its share capital to 65 employees of the Company.

Options have been granted over a total of 1,012,500 ordinary shares under the 2013 Performance Share Plan.  Of this award, 205,000 options were granted to employees of OTM Consulting Limited, following its acquisition in July 2013.

Each of these Options vest after three years from the date of issue and are exercisable at the nominal value of the share of 1 pence per share for a period of seven years from vesting, provided that certain performance conditions have been satisfied.  Up to 50 per cent of the Options may vest subject to the achievement of Earnings per Share growth targets in each of the three financial years 2013-2016.  Up to a further 50 per cent of the Options may vest subject to achievement of a Total Shareholder Return target over a three year period.

25,000 options were granted to Neil Elton, the Company's Finance Director, as part of the above award.  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	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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