1st Apr 2005 08:22
Creston PLC01 April 2005 1 April 2005 Creston Plc (the "Company")Grant of Options On 31 March 2005 the Board approved the following grant of options pursuant toan agreement dated 3 January 2001, to Mr D.H Elgie a Director of the Company. The grant of options is as a result of the issue and allotment of new ordinaryshares relating to the issue of shares in connection with the Placing and OpenOffer and Acquisition of Face Communications Limited. The details are asfollows: Name Exercise No. of options Exercise period Price Don Elgie 31 March 2008-31 487,280 155p March 2015 Of the options outlined above, 243,640 are performance related options, whichcan be exercised after the initial exercise date provided Creston Plc's averagegrowth in diluted earnings per share has for two consecutive financial yearsexceeded the average growth in diluted earnings per share of such competitorcompanies (as specified by the Company's brokers) by greater than 10 per cent. In addition to the options outlined above, Mr Elgie has an interest in thefollowing: • 605,060 options over ordinary shares, at an exercise price of 96p • 382,380 options over ordinary shares, at an exercise price of 110p • 60,657 options over ordinary shares, at an exercise price of 114p • 91,145 options over ordinary shares, at an exercise price of 113p • 46,752 options over ordinary shares, at an exercise price of 139p • 6,930 options over ordinary shares, at an exercise price of 136p • 67,477 options over ordinary shares, at an exercise price of 142p Mr Elgie also has a beneficial interest in 997,801 ordinary shares in theCompany representing 2.88 per cent of the Company's issued ordinary sharecapital of the company. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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