Grant of Options

RNS Number : 2480J

Tasty PLC

28 June 2011

 



Tasty plc (the "Company")

Grant of Options

The Company announces that on 27 June 2011 it granted the following options over ordinary shares of 10 pence each in the Company ("Options") to certain directors of the Company ("Directors"): -

Name of Director	Position	Number of Options held	Number of new Options granted	Exercise Price of the new Options	Total Options held following grant
Jonny Plant	Chief Executive Officer	529,922	500,000	51.5p	1,029,922
Sam Kaye	Executive Director	0	500,000	51.5p	500,000
Keith Lassman	Non Executive Chairman	119,230	100,000	51.5p	219,230
Adam Kaye	Non Executive Director	0	500,000	51.5p	500,000

In addition, the Company announces the grant of 240,000 new Options to another employee.

The new Options granted to the Directors and employee are being issued pursuant to the Company's share option plan for approved awards and also as unapproved options. The Options are exercisable subject to the share price of the Company having a closing mid-market price of £1.00 for fifteen (15) consecutive trading days.

Following the grant of the new Options, the total number of ordinary shares of 10 pence each in the Company ("Ordinary Shares") under option which could be issued is 4,247,940 Ordinary Shares, representing approximately 8.9 per cent. of the current issued share capital of the Company.

28 June 2011

Enquiries

Tasty plc

Jonny Plant                                                                   Tel: [phone]

Evolution Securities Limited

Bobbie Hilliam/ Patrick Castle                                 Tel: [phone]

 

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