26th Mar 2007 15:42
Cape PLC26 March 2007 Cape PLC ("Cape" or the "Company") Directors' Shareholdings 26 March 2007 Cape PLC (AIM:CIU) announces that on 22 March 2007 it granted a total of1,895,000 options ('Options') over ordinary shares of 25p each in the capital of the Company ('Ordinary Shares') to its senior executives and two Directors, MrMartin May and Mr Michael Reynolds. Mr May and Mr Reynolds were granted, for nil consideration, Options over 200,000and 150,000 Ordinary Shares respectively, at an exercise price of 269p perOrdinary Share under the Company's Share Option Plan. These Options areexercisable from 22 March 2010 to 22 March 2017. Following the grant described above, the Options held by Mr May and Mr Reynoldsare as follows: Martin May Options granted Exercise price per common share Period exercisable 400,000 60p 07.05.2007 to 07.05.2014 400,000 176p 07.07.2009 to 07.07.2016 200,000 269p 22.03.2010 to 22.03.2017 Michael Reynolds Options granted Exercise price per common share Period exercisable 100,000 60p 07.05.2007 to 07.05.2014 100,000 120p 24.10.2008 to 24.10.2015 150,000 176p 07.07.2009 to 07.07.2016 150,000 269p 22.03.2010 to 22.03.2017 Performance conditions relating to the future increase in the Company's adjustedearnings per share apply to these Options. ENDS For further information, please contact: Cape PLCMartin May, Chief Executive +44 (0)1924 876 276Bell Pottinger Corporate & FinancialNick Lambert +44 (0)20 7861 3232 / +44 (0)7811 358 764 Notes to editors Cape PLC is the parent company of a number of service providing organisationsoperating primarily in the oil and gas, petrochemical and power generationindustries. In the year to 31 December 2006, Cape reported turnover of £295.5 million. Cape currently employs c. 8,200 people in 23 countries worldwide. Cape specialises in the provision of scaffolding, insulation, fire protection,specialist cleaning and other essential services to major industrial clients inthe energy sector. Cape's ability to provide specialist cleaning services was enhanced by theacquisition of DBI Group Limited in October 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CIU.L