28th Nov 2008 14:01
28 November 2008
ILX GROUP PLC (ILX/L)
("ILX" or "the Company")
The AIM quoted business education and training specialists
This notification is made in accordance with Rule 17 of, and Schedule 5 to, the AIM Rules.
The following current grants of options and shares under the Company's Option Scheme and MTIP were waived on 27 November 2008:
Share Option Scheme
|
Name of Director |
Number of Common Shares under the Option |
Exercise Price |
|
Ken Scott |
140,500 |
110p |
|
Ken Scott |
16,875 |
70p |
|
Ken Scott |
225,000 |
96p |
|
Ken Scott |
49,893 |
100p |
|
Ken Scott |
144,901 |
100p |
|
Ken Scott |
298,271 |
99p |
|
Jon Pickles |
25,000 |
110p |
|
Jon Pickles |
7,125 |
70p |
|
Jon Pickles |
122,875 |
96p |
|
Jon Pickles |
17,907 |
100p |
|
Jon Pickles |
57,960 |
100p |
|
Jon Pickles |
119,309 |
99p |
|
Paul Lever |
10,000 |
140p |
MTIP
|
Name of Director |
Number of Common Shares |
Exercise Price |
|
Ken Scott |
875,439 |
Nil |
|
Jon Pickles |
350,176 |
Nil |
The following grants of options and shares under the Company's option scheme were made on 28 November 2008:
Share Option Scheme
|
Name of Director |
Number of Common Shares under the Option |
Exercise Price |
|
Ken Scott |
875,000 |
Nil |
|
Jon Pickles |
350,000 |
Nil |
No consideration was paid for the grant of the Options. Options will normally vest in two years time subject to the participant's continued employment with the Company.
The shares currently residing in the Company's MTIP trust will be used to provide shares for nil-cost options in the event of exercise.
Following this grant, the Company will also review the share incentive schemes for all company management and staff. It remains Company policy that all staff should participate in the Company's Share Option scheme. The Company has shareholder authority to issue options under the Scheme up to a maximum of 25% of the issued share Capital.
Enquiries to:
|
ILX Group plc Paul Lever |
020 7751 7100 |
|
Adventis Financial PR Tarquin Edwards / Chris Steele |
020 7034 4758/4759 07879 458 364 / 07979 604 687 |
|
Arbuthnot Securities (Nominated Adviser) Tom Griffiths |
020 7012 2000 |
Related Shares:
Progility