22nd Sep 2011 07:00
22 September 2011
Grant of Options
Brady plc ("the Company") announces that on 21 September 2011 the Company granted to Gavin Lavelle, Chief Executive Officer, options at nil-cost over 300,000 Ordinary Shares of 1p each in the Company and to Tony Ratcliffe, Finance Director, options at nil-cost over 130,000 Ordinary Shares of 1p each in the Company
The exercise price of 72.25 pence per share is the closing middle market price on 21 September 2011. The vesting of individual share option tranches is subject to the individual remaining employed with the Company at the relevant vesting dates.
Further details of the share option grants are set out below:
Director | Options granted | Exercise price per Share
| Exercise Period
|
Gavin Lavelle | 75,000 | 72.25 pence | 22 September 2012 to 21 September 2018 |
75,000 | 72.25 pence | 22 September 2013 to 21 September 2018 | |
75,000 | 72.25 pence | 22 September 2014 to 21 September 2018 | |
75,000 | 72.25 pence | 22 September 2015 to 21 September 2018 | |
Tony Ratcliffe | 32,500 | 72.25 pence | 22 September 2012 to 21 September 2018 |
32,500 | 72.25 pence | 22 September 2013 to 21 September 2018 | |
32,500 | 72.25 pence | 22 September 2014 to 21 September 2018 | |
32,500 | 72.25 pence | 22 September 2015 to 21 September 2018 |
The total number of shares under option for Gavin Lavelle following this grant is 1,755,955 and the total number of shares under option for Tony Ratcliffe following this grant is 761,565.
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director |
Telephone: +44(0)1223 479479 |
|
|
Cenkos Securities Ivonne Cantu / Camilla Hume | Telephone: +44(0)20 7397 8900
|
About Brady
Brady plc (BRY.L) is a leading global provider of trading and risk management software to the worldwide commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, softs and agriculturals.
Brady has 25 years' expertise in the commodity markets with over 150 customers worldwide, including some of the largest financial institutions, producers and mining corporations which depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest miners, refiners and producers, trading companies, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers. For further information visit: www.bradyplc.com
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