Grant and cancellation of share options

RNS Number : 2906C

Best of the Best PLC

30 April 2012

 



Best Of The Best plc

 ("Best of the Best" or "the 'Company')

Grant and cancellation of share options

Director dealings

The Board of Best of the Best has today agreed to grant new share options to certain of its directors and staff, to reflect the contribution being made by these key personnel to the further success of the Company. The share options are in recognition of the need to properly incentivise, reward and retain these key personnel.

To limit the number of ordinary shares under option, the Board has, at the same time, also agreed to cancel a number of unexercised options over the Company's ordinary shares.

Grant of new options

The following options have today been granted to directors of the Company:

Director	Options	Exercise Period	Exercise Price	Option Scheme
Rupert Garton	500,000	26/04/15 - 25/04/22	22.5p	EMI
Colin Hargrave	90,000	26/04/15 - 25/04/22	22.5p	Unapproved

In addition, a further 67,000 options will be issued to key staff, also at an exercise price of 22.5p.

Cancellation of existing options

Concurrently, the following options granted to Company directors have today been cancelled:

Director	Options	Exercise Price	Option Scheme
Rupert Garton	400,000	59.5p	Unapproved
Rupert Garton	74,528	31.5p	Unapproved
Rupert Garton	180,000	31.5p	Unapproved
Colin Hargrave	50,000	31.5p	Unapproved
Colin Hargrave	20,000	37.5p	Unapproved

A further 67,000 options granted to key employees have also been cancelled.

Following completion of this exercise, the Company will have a total of 815,730 share options outstanding.

Enquiries:

Best of the Best plc	William Hindmarch, Chief Executive Rupert Garton, Commercial Director	T: 020 7371 8866
Charles Stanley Securities (Nominated Adviser)	Mark Taylor / Luke Webster	T: 020 7149 6000

 

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