LTIP Option Awards

RNS Number : 9116Y

Tribal Group PLC

07 March 2012

 



Tribal Group plc

7 March 2012

LTIP Option Awards

On 16 January 2012 Tribal Group plc ("the Company") announced that it had granted nil-cost options over a total of 3,100,718 ordinary shares (representing approximately 3.3% of the Company's issued shares) to its executive directors and members of the senior management team under the terms of its 2010 Long Term Incentive Plan, and that Chief Executive Keith Evans and Group Finance Director Steve Breach had been granted nil-cost options over 1,265,128 ordinary shares and 885,590 ordinary shares, respectively.  

Due to an error in the calculation of the number of shares over which options could be awarded, part of the awards to Dr Evans and Mr Breach have lapsed. As a result, the revised number of ordinary shares over which Dr Evans and Mr Breach have been granted options is 1,078,554 and 754,988 respectively. The revised total number of ordinary shares over which options have been granted to executive directors and members of the senior management team in relation to this award is 2,783,542 (representing approximately 2.97% of the Company's issued shares), as opposed to the previously announced number of 3,100,718 shares.

This notification is being made in accordance with DTR 3.1.4.

Enquiries:

Tribal Group plc                                Tel: [phone]

Stephen Breach, Group Finance Director

 

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