10th May 2016 16:24
10 May 2016
Northbridge Industrial Services Plc
("Northbridge" or the "Group")
Grant of options
The Group announces that, on 10 May 2016, Eric Hook (Chief Executive) and Ian Gardner (Regional Managing Director) were granted options over a total of 120,000 ordinary shares of 10p each ("Ordinary Shares") as detailed below:
Director | Scheme | Number of options Granted | Exercise period | Exercise Price (p) |
|
| |||||
Eric Hook | Unapproved Share Options Scheme | 100,000 | 10/05/19 - 10/05/26 | 89.5 |
|
Ian Gardner | Unapproved Share Options Scheme | 20,000 | 10/05/19 - 10/05/26 | 89.5 |
|
Following the grant of options outlined above, Eric Hook and Ian Gardner have options over the following numbers of Ordinary Shares:
Director | Scheme | Number of options |
|
| |||
Eric Hook | Unapproved Share Options Scheme | 799,986 |
|
| Approved Share Options Scheme | 6,615 |
|
Ian Gardner | Unapproved Share Options Scheme | 96,000 |
|
Apart from the above grants, the directors' holdings of Ordinary Shares remain unchanged and as previously announced.
-Ends-
For further information
Northbridge Industrial Services Plc 01283 531645
Eric Hook, Chief Executive Officer
Stockdale Securities Limited (Bookrunner, Nominated Adviser and Broker) 020 7601 6100
Robert Finlay / Antonio Bossi / Henry Willcocks
Buchanan 020 7466 5000
Charles Ryland / Stephanie Watson
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, Dubai, Belgium, Germany, France, Australia, New Zealand, Singapore, China, Brazil and South Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers and oil tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers and through the acquisition of companies in the UK, Dubai, Australia, Belgium, New Zealand and Singapore and investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.
Related Shares:
NBI.L