6th Nov 2006 13:18
Lok'n Store Group PLC06 November 2006 6 November 2006 Lok'nStore Group Plc ("Lok'nStore" or the "Company") Lok'nStore announces the exercise by directors' of their founder options ("Founder Options"). These Founder Options were granted under arrangementspertaining to the Company's original move onto the OFEX market in 1997 and weredue to expire in April 2007. Their resultant holding in the Company's ordinaryshares of 1 pence each (the "Ordinary Shares") following disposal of theOrdinary Shares issued pursuant to the exercise of the Founder Options is asfollows:- Director No. of Exercise Exercise Ordinary Disposal Date of Resultant % holding founder price per date Shares price per disposal holding options share disposed share exercised Simon Thomas 496,489 37p 03/11/06 496,489 181p 03/11/06 2,187,500 8.2%(Chairman) Andrew Jacobs 992,978 37p 03/11/06 992,978 181p 03/11/06 5,314,000 19.9%(Chief Executive) Colin Jacobs 130,000 37p 03/11/06 130,000 181p 03/11/06 nil 0%(Executive Director) Following this exercise, no Founder Options remain. The directors continue toretain share options granted subsequent to 1997. The resultant beneficial holdings of the directors following the abovetransactions remain unchanged. In aggregate, the Directors referred to above,hold 8,041,925 ordinary shares in the Company (including their indirect holdingsof Lok'nStore shares through two pension schemes (540,425 shares)) representing30.11% of the Company's share capital as enlarged by the issue of OrdinaryShares to satisfy the exercise of the Founder Options. Application has been made to the London Stock Exchange for a listing of the1,619,467 Ordinary Shares in relation to the exercise by the directors of theirFounder Options and for a listing of a further 7,133 Ordinary Shares in relationto the exercise by a non-director of her remaining Founder Options. Followingadmission, the Company will have 26,717,744 Ordinary Shares in issue. - Ends - For further information, please contact: Lok'nStore Group plcAndrew Jacobs, Chief ExecutiveRay Davies, Finance DirectorTel: 01252 521010 Financial DynamicsBilly CleggJonathan BrillTel: 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lok N Store