28th Jan 2005 11:38
Tribal Group PLC28 January 2005 Tribal Group plc ("the Company") Grant of SAYE options The Board is pleased to announce a successful employee take-up for its 2005 SaveAs You Earn scheme. On 4 January 2005, in accordance with the rules of the Company's Inland Revenueapproved savings related share option scheme ("SAYE scheme"), invitations wereissued to all eligible employees of the Company (including the executivedirectors) to participate in a three year SAYE scheme, with an option exerciseprice of 144p that was fixed relative to the Company's average closing shareprice for the three days ending on 31 December 2004. The Company receivedapplications from 23% of its eligible employees and options were granted to theCompany's employees on 27 January 2005. A total of 612,434 options have been granted under the SAYE scheme, of which thefollowing were granted to executive directors: Henry Pitman 3,289 options over shares 28 January 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tribal Grp.