Cancellation and Re-issue of Options

8th Nov 2010 10:17

Impact Holdings (UK) plc ("Impact" or "The Group") Cancellation and Re-Issue of Options

Impact Holdings (UK) plc (AIM: IHUK) announces that on 8th November 2010 it cancelled a total of 170,000 options (the "Cancelled Options") over the Company's Ordinary Shares which had previously been granted pursuant to The Impact CSOP Scheme to Paul Davies and Stuart Burn. The Company subsequently granted 170,000 new options (the "Replacement Options") under the Executive Share Option Plan to Paul Davies and Stuart Burn.

The Replacement Options have been granted on exactly the same terms as the Cancelled Options, therefore they have been granted at nil consideration with an exercise price of 75p per share and are exercisable from 1st April 2013.

Following the grant, the interests of these Directors in options are as follows:

Name Options Granted from Options Granted from Total Options Executive Share Option Impact CSOP Plan Paul Davies 125,000 40,000 165,000 Stuart Burn 45,000 40,000 85,000

Save for the above, the Directors' beneficial interests remain unchanged and as previously announced.

For further information:

Impact Holdings (UK) plc Paul Davies, Chief Executive Officer

Tel: 0161 437 9499

Zeus Capital Limited Alex Clarkson / Tom Rowley

Tel: 0161 831 1512

Notes to Editor:

Impact Holdings (UK) plc through its individual subsidiaries provides short term funding solutions, loans administration and IT support services in two specific sectors:

1. The legal disbursements market; and,

2. Property based bridging and development market.

Impact is regulated by The Office of Fair Trading through which it is licensed to lend under the Consumer Credit Act 1974.

vendor

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Related Shares:

IHUK.L