Directors Dealings and Grant

RNS Number : 8432J

Ten Alps PLC

10 December 2008

 

Ten Alps plc

10 December 2008

Directors Dealings and Grant of Options 

Directors Dealings

Ten Alps plc (the 'Company') , the factual media company, has been informed that three Directors purchased ordinary shares in the Company on 9 December 2008 as follows:

Alex Connock, Chief Executive, has purchased 7,234 ordinary shares of 2 pence each ('Ordinary Shares') at a price of 23.5 pence per Ordinary Share through a self invested pension scheme.  

Nitil Patel, Finance Director, has purchased 18,000 Ordinary Shares at a price of 24 pence per Ordinary Share.

Adrian Dunleavy, Executive Director, purchased 18,000 Ordinary Shares at a price of 23.4 pence per Ordinary Share through a self invested pension scheme.

Grant of Options

At the same time, the Company has granted options over a total of 800,000 new ordinary shares of 2p each at a price of 25p per share to certain directors of the Company granted under the Company's Unapproved Share Option Scheme ('USOS') as detailed below.

The USOS options will vest between 9 December 2011 and 9 July 2018. There are no performance conditions required to be satisfied pursuant to vesting / exercise.

The details of the options granted to directors are as follows:

Directors	New USOS options granted	Total number of USOS options  now held	Total number of EMI options  now held	Total number of options now  held
Alex M Connock	200,000	400,000	248,750	648,750
Nitil Patel	200,000	400,000	248,750	648,750
Sir Bob Geldof KBE	200,000	598,750	-	598,750
Adrian James Dunleavy	200,000	400,000	-	400,000

Following the grant of options and the above transaction, Mr Connock is interested in 3,243,706 Ordinary Shares, representing 6.17% of the total issued share capital of the Company. Mr Connock is also interested in 648,750 options over Ordinary Shares of the Company.

Following the grant of options and the above transaction, Mr Patel is interested in 18,000 Ordinary Shares, representing 0.03% of the total issued share capital of the Company. Mr Patel is also interested in 648,750 options over Ordinary Shares of the Company.

Following the grant of options, Sir Bob Geldof is interested in 3,642,116 Ordinary Shares, representing 6.93% of the total issued share capital of the Company. Sir Bob Geldof is also interested in 598,750 options over Ordinary Shares of the Company.

Further to the Company's announcement of 8 December 2008, in relation to the appointment of Adrian Dunleavy to the board of the Company, and following the grant of options and the above transaction, Mr Dunleavy is interested in 84,900 ordinary shares in the Company, representing 0.16% of the issued shares capital of the Company. Mr Dunleavy is also interested in 400,000 options over Ordinary Shares of the Company.

For further information contact:

Ten Alps plc

Nitil Patel, FD 0207 878 2311

Email: [e-mail]

Grant Thornton UK LLP

Fiona Owen

020 7383 5100

 

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