Issue of Options

RNS Number : 3492Y

Falkland Islands Holdings PLC

21 December 2010

 



Falkland Islands Holdings plc

("FIH" or the "Company")

Issue of Options

Mr David Hudd and Mr John Foster, Chairman and Managing Director of the Company respectively, were today each granted options to acquire 20,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at an exercise price of 342.5 pence (the "Options"). Subject to the satisfaction of a number of performance conditions, the options to subscribe for Ordinary Shares will vest on 21 December 2013.

In addition, a further 81,478 options over Ordinary Shares were granted to other employees of FIH group companies.

Interests in Shares

Mr Hudd is the registered holder of 100,000 Ordinary Shares (representing 1.1% of the issued share capital of the Company). In addition to the Options detailed above, Mr Hudd also holds the following exercisable options over Ordinary Shares:

Ordinary Shares Under Option	Exercise Price per Ordinary Share	Expiry Date
49,411	425 pence	13 June 2015
44,550	290 pence	14 July 2019

Mr Foster is the registered holder of 15,000 Ordinary Shares (representing 0.2% of the issued share capital of the Company). In addition to the Options detailed above, Mr Foster also holds the following exercisable options over Ordinary Shares:

Ordinary Shares Under Option	Exercise Price per Ordinary Share	Expiry Date
57,692	520 pence	9 February 2015
14,117	425 pence	13 June 2015
27,517	330 pence	6 August 2017
44,550	290 pence	14 July 2019

Enquiries:

Falkland Islands Holdings plc
David Hudd, Chairman	Tel: [phone]
John Foster, Managing Director	Tel: [phone]
Altium - NOMAD and Broker	Tel: [phone]
Tim Richardson / Cameron Duncan
Financial Dynamics	Tel: [phone]
Billy Clegg / Edward Westropp

 

END

 

 

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