Tribal Group PLC
9 November 2001
Tribal Group plc ('the Company')
Grant of SAYE options
At its AGM on 29 August 2001, the Company adopted an Inland Revenue approved
savings-related share option scheme ('SAYE Scheme'). On 8 October 2001,
invitations were issued to all eligible employees of the Company (including
the executive directors), specifying an option exercise price of 208p that was
fixed relative to Tribal's closing share price on 4 October 2001. The Company
received applications from 56% of its eligible employees and options were
formally granted to the Company's employees on 2 November 2001.
The Company's Board believe that the SAYE Scheme will provide effective share
incentives for all of the Company's employees and will widen the Company's
employee-shareholding base.
A total of 410,146 options have been granted under the SAYE Scheme, of which
the following were granted to executive directors:
Henry Pitman 4,567 options over shares
Simon Lawton 3,653 options over shares
Peter Martin 4,567 options over shares
9 November 2001
ENDS
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