Grant of options

RNS Number : 2090M

Tasty PLC

05 May 2015

 

Tasty plc (the "Company" or the "Group")

Grant of Options

Tasty plc today announces the award and acceptance of 600,000 'B' ordinary shares in a subsidiary company of the Group ("B Shares") to Jonny Plant, Joint Chief Executive Officer of the Company, on 1 May 2015. The B Shares may be exchanged into ordinary shares of 10 pence each in Tasty plc ("Ordinary Shares"), subject to the share price of the Company trading above 200p for 15 consecutive trading days or more. The B Shares have an exercise price into Ordinary Shares of 120p per share.  The benefit of holding a B Share is similar to the benefit of holding an EMI Option.

In addition to the above B Shares, Mr Plant is interested in 4,194,877 Ordinary Shares, representing 7.9 per cent. of the current issued share capital of the Company, and has options over a further 500,000 Ordinary Shares.

5^th May 2015

Enquiries

Tasty plc                                                               Tel: [phone]

Jonny Plant, Chief Executive

Cenkos Securities                                               Tel: [phone]

Bobbie Hilliam

Harry Pardoe

 

END

 

 

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