21st May 2008 12:20
Lamprell plc
("Lamprell" or the "Company")
Director's share options
In accordance with Rule 17 of the AIM Rules, the Company wishes to notify the following change in the interest in ordinary shares in the Company ("Shares") of Nigel McCue, the Chief Operating Officer of the Company (the "COO").
On 20 May 2008, the Company granted the COO a conditional right to receive 70,000 Shares for nil consideration. The market value of those Shares on 20 May 2008 was ₤367,500. The earliest date on which the COO would ordinarily become entitled to receive the Shares under the conditional right is 20 May 2011, being the third anniversary of the date of grant. Receipt of the Shares is conditional upon the COO remaining in employment with the Company until 20 May 2011.
Following this grant, the COO is now interested in 108,461 Shares.
For further information in respect of this announcement please contact:
Lamprell plc (+44 (0) 207 153 1547)
Peter Whitbread, Chairman and Chief Executive Officer
David Moran, Director of Corporate Communications
Related Shares:
LAM.L