17th Mar 2009 16:10
17 March 2009
Directors' Dealing - Grant of Share Options
Noventa Limited ("Noventa" or the "Company")
Noventa Limited announces that on 17 March 2009, options over 3,345,008 Noventa's ordinary shares of 15.5 pence each were granted to staff including 551,416 options to Martin Hinxman, Financial Director of the Company. These grants follows agreement of the terms of these options at the Remuneration Committee of the Board held on 10 March 2009.
The options are subject to the rules of the Unapproved Share Option Plan. These options are exercisable annually in four equal tranches commencing 31 December 2009 and are subject to certain performance criteria being achieved.
In addition to the above, Martin Hinxman currently holds 93,023 ordinary shares in the Company (i.e. 0.15% of the company's fully diluted ordinary share capital in issue).
Following this grant, the total number of ordinary shares under option will be 4,004,008 (representing 6.49% of the fully diluted share ordinary capital in issue).
Related Shares:
PAR.L