7th May 2008 09:20
Stilo International PLC07 May 2008 Stilo International plc (the "Company" or "Stilo") Director Shareholding / Grant of Options The Board of Stilo announces that on 30 April 2008 the Company's RemunerationCommittee has cancelled the existing share options issued under the StiloInternational Plc Enterprise Management Incentive Scheme 2000 and the StiloInternational Plc Unapproved Share Option Scheme 2000 over, in aggregate6,849,800 Stilo shares, representing 6.54 per cent. of the total voting rightsof the Company. The Remuneration Committee has at the same time awarded optionson amended terms over 6,868,000 shares; representing 6.55 per cent of the totalvoting rights of the Company ("New Options"). The New Options are capable ofbeing exercised at an exercise price of 1.5 pence per share (being the closingmid market price on 29 April 2008) at any time between 1 May 2010 and 30 April2018. New Options have been awarded to certain key staff including 2,600,000 NewOptions to Les Burnham, Chief Executive. Following the grant of these options Les Burnham retains total options over2,600,000 shares representing 2.48 per cent. of the current total voting rights.In addition, he has a beneficial share holding of 3,000,000 ordinary shares inthe Company being 2.86 per cent. 7 May 2008 Enquiries: Richard Alsept Stilo International plc 01793 441444 Russell Cook / Carl Holmes Charles Stanley Securities 020 7149 6000 Nominated Adviser & Broker This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Stilo