Young & Co's Brewery PLC
Young & Co.'s Brewery, P.L.C. (the "Company")
Notifications pursuant to rule 17 of the AIM Rules
July 2004 options
All the options over 83,960 'A' ordinary shares of 50p each in the Company
granted in July 2004 under the Company's executive share option schemes are now
capable of being exercised. This is as a result of the compound annual growth in
the Company's adjusted earnings per share being more than 9% above inflation for
the relevant three-year period. The exercise price is £11.375 per share.
The 12,750 of these granted to the late John Young have to be exercised on or
before 16 September 2007, the 12,410 granted to Christopher Sandland have to be
exercised on or before 12 April 2008, the 10,630 granted to James Young have to
be exercised on or before 31 March 2008 and the balance granted to Stephen
Goodyear, Torquil Sligo-Young, Peter Whitehead and Patrick Dardis have to be
exercised on or before 5 July 2014.
Deferred Annual Bonus
The following directors are now due to receive the following 'A' ordinary shares
of 50p each in the Company as a result of some of the pre-agreed performance
measures, on which bonuses for the 2006/07 financial year were dependant, being
achieved: Stephen Goodyear (4,323), Torquil Sligo-Young (2,904), Peter Whitehead
(3,246) and Patrick Dardis (3,969).
Under the bonus plan, half of any bonus had to be in shares; the other half
could have been in cash or in shares. Further, for every share taken in place of
cash, a "matching" share would be given. Each of the directors elected to take
his cash element in shares.
The directors are not generally free to sell any of the shares before the end of
a "restricted period" which, ordinarily, will end on the earlier of 3 April 2010
and the date on which his employment terminates by reason of illness, disability
or redundancy. The "matching" shares are subject to satisfaction of further
performance measures and to restrictions and, in certain instances, are liable
to forfeiture.
The shares used to satisfy these bonuses will be transferred from the Ram
Brewery Trust. As beneficiaries under that trust as members of the Company's
profit-sharing, share option and / or pension schemes, the following directors
have an interest in those shares, namely Christopher Sandland, Stephen Goodyear,
Torquil Sligo-Young, Peter Whitehead and Patrick Dardis. The interests of each
of those directors will be reduced accordingly.
Anthony Schroeder
Company Secretary
18 July 2007
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