BowLeven Plc
26 October 2005
26 October 2005
BowLeven Plc ('the Company' or 'BowLeven')
Grant of Options
On 26 October 2005 the Board of BowLeven granted options over a total of 411,735
ordinary shares in the Company to Directors and other employees of the Company.
These options are being granted pursuant to the BowLeven Plc Employee Share
Option Scheme (the 'Scheme') for Approved Options and Unapproved Options.
Following shareholder approval at the Company's EGM held on 12 October 2005,
certain amendments to the original details of the Scheme, as set out in the
admission document of 7 December 2004, were made and these amendments are set
out in the Company's announcement on 19 September 2005, regarding the EGM.
These grants include awards to Directors of the Company as detailed below:
Name Position Number of options Exercise Vesting period
granted price
Robert Walvis Senior Non-executive 37,735 530.0p Between 26 October 2007 and 25
October 2015
Director and Deputy (Unapproved
Chairman Options)
John Morrow Technical Director 266,837 530.0p Between 26 October 2007 and 25
October 2015
(Unapproved
Options)
John Morrow Technical Director 8,163 367.5p Between 26 October 2008 and 25
October 2015
(Approved
Options)
There is no performance condition applied to either the Approved Options or the
Unapproved Options.
For further information contact:
Philip Rhind, Chief Executive, BowLeven Plc 0131 260 5100
Adam Westcott, Noble & Company Limited 0131 225 9677
Neil Bennett, Maitland 020 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
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