23rd Apr 2012 10:24
23 April 2012
Cape plc ("Cape" or the "Company")
Director's dealings - PSP awards
The Company announces that on 20 April 2012 the following Executive Director was granted a nil cost option over the Company's ordinary shares of 25 pence each under the Cape plc 2011 Performance Share Plan:
Director | Number of options and % of issued capital | Total number of shares over which options are held, and % of issued capital following this notification |
Richard Bingham 89,801 (0.08%) 701,293 (0.59%)
Subject to certain performance conditions being met, the option will vest on a sliding scale basis on the third anniversary of the date of grant, and be exercisable during the period 20 April 2015 to 19 April 2017. Such part of the option which does not vest, due to the performance conditions not being met, will lapse.
The Company further confirms that all of the Company's outstanding conditional nil cost awards, including the outstanding awards over 611,492 ordinary shares of 25 pence each held by Richard Bingham and included in his total holding above, have been converted to nil cost options. Subject to meeting the relevant performance conditions, the options will be exercisable within the period of two years following the third anniversary of the date of the award.
Enquiries:
Cape plcJeremy Gorman, Company Secretary
Tel: +44 (0)20 3178 5485
Related Shares:
CIU.L