24th Dec 2009 07:01
SAGENTIA GROUP PLC
("Sagentia" or the "Company")
Grant of options and conversion of Preference Shares
Grant of Options
Sagentia (AIM:SAG.L) announces that, in line with the management incentivisation strategy outlined in the Company's admission document published on 11 June 2008, it has, on 23/12/2009, granted various options over ordinary shares in its share capital, to directors and employees of the Company.
Options over 250,000 ordinary shares have been granted to directors of the Company under the Sagentia Group plc Executive Share Option Unapproved Scheme. These options are exercisable at an exercise price of 15.5 pence per share for a period of seven years from 23/12/2012.
|
Director |
No. of options |
|
Brent Hudson |
250,000 |
In addition, options over 795,000 ordinary shares, have been granted to other non board level employees of the Company under the Sagentia Group plc Executive Share Option Approved Scheme. These options are exercisable at an exercise price of 15.5 pence per share for a period of seven years from 23/12/2012.
Save for the above, the directors' beneficial interests in the share capital of the Company remain unchanged and as previously announced.
Conversion of Preference Shares
Sagentia also announces that the Sagentia Group Employee Trust is to convert the 50,000 preference shares ("Preference Shares") held by it into 148,000 new Sagentia ordinary shares of 1p each ("New Ordinary Shares"). Application has been made for the New Ordinary Shares to be admitted to AIM ("Admission"). Admission is expected on 31 December 2009.
Following conversion of the Preference Shares and Admission no other Preference Shares will remain outstanding.
Total Voting Rights
In accordance with the FSA's Disclosure and Transparency Rules, the Company notifies that following Admission the Company's issued share capital shall consists of 21,723,575 ordinary shares with a nominal value of 1p each, with voting rights. The Company does not hold any ordinary shares in Treasury.
The above figure of 21,723,595 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.
Enquiries:
|
Sagentia Group plc |
Arbuthnot Securities |
|
Brent Hudson Guy McCarthy |
John Prior Antonio Bossi |
|
+44 1223 875 200 |
+44 20 7012 2000 |
|
http://www.sagentia.com/investors |
http://www.arbuthnot.co.uk |
Notes for Editors:
About Sagentia
Sagentia creates, develops and delivers business opportunities, products and services for its clients. Sagentia operates in six global market sectors developing new technologies, products and services that change the basis of competition. The company also assists business leaders and policy makers to create strategies for technology, innovation and growth. Sagentia's resources are situated in state-of-the-art facilities in Europe, the USA, and China. The Group is listed on the AIM market of the London Stock Exchange (AIM: SAG.L).
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