1st Apr 2005 10:00
Turbo Genset Inc.01 April 2005 Friday 01 April, 2005 Grant of Options Following approval by the Board of Directors, the following Director's options were granted on 31st March 2005 as set out below: Director Scheme Exercise Price Option Period NumberM Hunt 2002 Unapproved Stock Option Scheme 10.625p 10 Years 4,000,000S Sadler 2002 Unapproved Stock Option Scheme 10.625p 10 Years 3,217,648S Sadler 2000 Approved Stock Option Scheme 10.625p 10 Years 282,352 Options granted have a vesting period of two years and cannot be exercised untilthe market price is in excess of 20p for a period of 7 consecutive days. These are the first options granted to S Sadler. M Hunt now holds options overshares totaling 4,158,950. For further information, please contact: Gavin Anderson & Company (PR) Tel: +44 (0) 20 7554 1400Ken CroninMichael Turner This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TPS.L