2nd May 2006 10:07
Raven Mount plc02 May 2006 Grant of Options The following grants have been made in accordance with the Company's ShareOption Plan (CSOP) on 28th April 2006 to the Directors: Anton Bilton 28,571 Glyn Hirsch 28,571 Bim Sandhu 28,571 Mark Kirkland 28,571 Under the CSOP, employees and full-time directors of the companies in the RavenGroup may be offered Approved Option over Shares subject to a maximum value atany one time per employee of £30,000 (being the Inland Revenue limit forCSOP's). Option Shares cannot usually be exercised until 3 years after grantand are subject to a Performance Condition that the share price increase mustexceed the RPI plus 3 per cent. p.a. This is first measured on the thirdanniversary, thereafter half yearly based on the prior December or June shareprice. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RAV.L