11th Apr 2006 15:25
Goals Soccer Centres PLC11 April 2006 Goals Soccer Centres plc Grant of Options to a Director The Company announces that on 10 April 2006 it granted options to subscribe for300,000 new Ordinary Shares in the Company at a price of 229p per share toMorris Payton, the Company's Operations Director. The exercise of the options is dependent upon the achievement of increases inearnings per share ("EPS") averaging 25 per cent. per annum relative to EPSachieved in the year ended 31 December 2005 measured over an eight year period.The options will be exercised in six tranches. The tranches and the preciseperformance criteria are as follows: Tranche No. of Exercise periods EPS growth target shares Tranche 1 50,000 1/1/09 - 31/12/15 50% CAGR in 2006, 2007 and 2008 referenced to EPS in 2005 (4.3p) Tranche 2 50,000 1/1/10 - 31/12/16 30% CAGR in 2007, 2008 and 2009 referenced to EPS in 2006 Tranche 3 50,000 1/1/11 - 31/12/17 22.5% CAGR in 2008, 2009 and 2010 referenced to EPS in 2007 Tranche 4 50,000 1/1/12 - 31/12/18 20% CAGR in 2009, 2010 and 2011 referenced to EPS in 2008 Tranche 5 50,000 1/1/13 - 31/12/19 15% CAGR in 2010, 2011 and 2012 referenced to EPS in 2009 Tranche 6 50,000 1/1/14 - 31/12/20 12.5% CAGR in 2011, 2012 and 2013 referenced to EPS in 2010 11 April 2006 Enquiries: Goals Soccer Centres plc Tel: 01355 234800Keith Rogers, Managing DirectorBill Gow, Finance Director This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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