10th Oct 2005 16:20
Zoo Digital Group PLC10 October 2005 For immediate release10 October 2005 ZOO Digital Group plc ("ZOO" or "the Company") Awards under the ZOO Digital Group plc Share Incentive Plan The Board of ZOO announces that, on 1 July 2005, the trustees of the ZOOEmployee Share Trust Limited (the "ZEST") transferred 1,095,000 ordinary sharesin the Company to the trustees of the ZOO Digital Group plc, Inland Revenueapproved, Share Incentive Plan (the "Plan") for appropriation to employees ofthe ZOO group of companies under the terms of the Plan which is an all-employeescheme as dictated by the Inland Revenue rules. The share transfer included theaward of ordinary shares to directors of the Company. Ian Stewart (ChiefExecutive Officer), Robert Deri (Chief Financial Officer), Dr Stuart Green(Chief Technical Officer) and Andrew Scrivener (Chief Operating Officer) haveeach been awarded, at nil cost, 25,000 ordinary shares under the terms of thePlan. In addition, on 3 October 2005, the trustees of the ZEST transferred a further217,119 ordinary shares in the Company to the trustees of the Plan forappropriation to employees of the ZOO group of companies under the terms of thePlan. Andrew Scrivener, Chief Operating Officer, purchased 14,285 ordinaryshares in the Company at a price of 10.5p per share under the terms of the Planand was awarded, at nil cost, 4,761 ordinary shares in the Company under theterms of the Plan. The interest of Mr Scrivener in the share capital of ZOO hasincreased from 9,267,208 ordinary shares (2.92%) to 9,281,493 ordinary shares(2.93%). The ordinary shares awarded under the Plan will vest with the individuals inthree years' time subject to continued employment with the Company. Grant of Options In addition, on 1 July 2005, the board of ZOO awarded options over a total of7,020,000 ordinary shares in the Company at an exercise price of 10.5p per shareto employees of the ZOO group of companies pursuant to the terms of the ZOODigital Group plc Enterprise Management Incentive Scheme and the unapprovedemployee share option scheme. These options are exercisable in the periodcommencing 1 July 2008 and ending on 30 June 2015. Dr Stuart Green, ChiefTechnical Officer, has been granted options over 1,000,000 ordinary shares inthe Company pursuant to these awards. The ordinary shares referred to above are the ordinary shares of 0.2p per share. For further information please contact: Robert Deri, Chief Financial Officer, ZOO Digital Group plc Tel: 0114 241 3700 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Zoo Digital