23rd Mar 2005 17:41
Stilo International PLC23 March 2005 23 March 2005 Stilo International Plc Directors' Shareholding The Board of Stilo International Plc announces that on 17 March 2005 theRemuneration Committee granted in total 2,100,000 options of which 1,800,000options were granted to Mr Les Burnham, Chief Executive and 300,000 options weregranted to Mr Richard Alsept, Finance Director, all of which are capable ofbeing exercised at an exercise price of 3 pence per share at any time, subjectto the following performance criteria: Les Burnham - total 1,800,000 shares, 600,000 exercisable if the closing mid-market price of the shares is not lessthan 7.5p per share. 600,000 exercisable if the closing mid-market price of the shares is not lessthan 9p per share. 600,000 exercisable if the closing mid-market price of the shares is not lessthan 18p per share. Richard Alsept - total 300,000 shares, 100,000 exercisable if the closing mid-market price of the shares is not lessthan 7.5p per share. 100,000 exercisable if the closing mid-market price of the shares is not lessthan 9p per share. 100,000 exercisable if the closing mid-market price of the shares is not lessthan 18p per share. Following the grant of these options Les Burnham retains total options over2,600,000 shares representing 2.88 per cent. of the current issued share capitaland Richard Alsept retains options over 300,000 shares representing 0.33 percentof the current issued share capital. Enquiries: Stilo International plc 01793 441 444 Les Burnham, Chief Executive Charles Stanley & Co. Limited 020 7739 8200 Russell Cook This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Stilo