2nd Aug 2007 17:31
W.H. Ireland Group PLC02 August 2007 WH Ireland Group plc ("WHI" or the "Company") Exercise of Options The Company announces that on 31 July 2007 Finance Director Derek Ashford issuedthe Company with a notice to exercise the following options in respect of newordinary shares of 5p each in WHI ("Ordinary Shares"): Date of grant Number of Ordinary Exercise price per Aggregate exercise Shares Ordinary Share (£) price 16/12/99 200,000 0.3 £600,000.0002/04/01 26,666 0.75 £19,999.5030/05/02 92,609 0.5 £46,304.5017/03/04 20,000 0.75 £15,000.0023/05/04 30,000 0.7 £21,000.00 Total: 369,275 - £162,304 It is anticipated that the Ordinary Shares the subject of the options (the "Option Shares") will be allotted and issued to Derek Ashford on or around 6August 2007, and subsequently admitted to trading on AIM on or around 10 August2007. The Company will make further announcements as appropriate. Also on 31 July 2007, Derek Ashford notified the Company that on that same datehe had sold all the Option Shares through the market at a price of 140p pershare (giving an aggregate price of £516,985). Immediately following the allotment and issue of the Option Shares to DerekAshford and the sale of the Option Shares by him, Derek Ashford's holding ofOrdinary Shares will remain unchanged, being 179,733 Ordinary Shares. As previously announced on 30 May this year, Derek Ashford will leave theCompany on 3 August 2007 to move into private practice. For more information please contact Laurie Beevers, WH Ireland Group plc 0161 832 2174 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WHIreland