24th Jul 2006 17:12
United Carpets Group plc24 July 2006 United Carpets Group plc Grant of options United Carpets Group plc ("the Company") announces that on 20 July 2006 itgranted options under its Share Option Scheme (adopted on 10 February 2005) overa total of 1,428,571 ordinary shares in the capital of the Company at anexercise price of 8.75 pence per share to Ian Bowness, a director of theCompany. These options are normally exercisable between the third and tenth anniversariesof the date of grant, subject to the satisfaction of a performance condition.The condition requires the growth in earnings per share of the Company over theperiod of three financial years commencing with the financial year ending 31March 2007 to exceed by at least 3 per cent per annum the growth in the RetailPrices Index (all items) over the same period. The performance condition willnot apply in the event of a take-over of the Company. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UCG.L