27th Apr 2007 12:41
Cello Group plc27 April 2007 Cello Group plc ("Cello" or "the Company") Directors' share dealings and share option grants The Company was notified today that Mr. Kevin Steeds and Mr. Mark Scott, bothdirectors of the Company, each bought on 27th April 2007 5,000 ordinary sharesof 10 pence in the Company ("Ordinary Shares") at a price of 142 pence perOrdinary Share. Following these purchases, Mr. Steeds' and Mr. Scott'sbeneficial interests in the Company have both risen to 690,010 Ordinary Shares,each representing 1.93 per cent. of the Company's total issued ordinary sharecapital. Further to the above Mark Scott also transferred on 27th April 2007 141,350Ordinary Shares to his SIPP at a price of 141.5 pence per Ordinary Share. Thereis no change to Mr. Scott's beneficial interest as a result of this transfer. On 27th April, under the Cello Group Performance Share Plan ("PSP") Kevin Steedsand Mark Scott were each granted matching awards of options entitling them toacquire 5,000 ordinary shares of 10p at an exercise price of 10p per share as aresult of their having elected to receive an equal number of Cello shares inlieu of a proportion of their cash bonuses, net of tax and national insurance.These options will normally be exercisable from 27th April 2011 subject tocontinued employment and ownership of the shares so acquired and the extent towhich performance conditions have been met. In addition, on 16th April 2007, under the PSP, other Cello employees weregranted options entitling them to acquire a total of 10,000 ordinary shares of10p at an exercise price of 10p per share. These shares will normally beexercisable from 16th April 2011 subject to continued employment and the extentto which performance conditions have been met. 27th April 2007 Enquiries:Cello Group plcMark Bentley, Group Finance Director 020 7812 8463 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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