11th Jan 2008 15:25
Lamprell plc11 January 2008 Lamprell plc ("Lamprell" or the "Company") Director's share options In accordance with Rule 17 of the AIM Rules, the Company wishes to notify thefollowing change in the interest in ordinary shares in the Company ("Shares") ofScott Doak, the Chief Financial Officer of the Company (the "CFO"). On 8 January 2008, the Company granted the CFO a conditional right to receive22,725 Shares for nil consideration. The market value of those Shares on 8January 2008 was £99,015. The earliest date on which the CFO wouldordinarily become entitled to receive the Shares under the conditional right is8 January 2010, being the second anniversary of the date of grant. Receipt ofthe Shares is conditional upon the CFO remaining in employment with the Companyuntil 8 January 2010. Following this grant, the CFO is now interested in 50,310 Shares, including hisinterest in a maximum of 19,585 Shares pursuant to an option granted under theLamprell plc Executive Share Option Plan on 16 May 2007 at an exercise price of£3.22 per Share. The option will ordinarily only become exercisable on16 May 2010 for a period of seven years subject to certain performanceconditions having been satisfied. For further information in respect of this announcement please contact: Lamprell plc (+44 20 7638 9571)Peter Whitbread, Chairman and Chief Executive OfficerDavid Moran, Chief Operating Officer This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
LAM.L