1st Jun 2010 08:51
01 June 2010
Lombard Risk Management plc
(the "Company")
Grant of Options
On 28th May 2010 options over ordinary shares in the Company were granted to the following Directors :
|
Philip Crawford |
options on 2,400,000 shares (unapproved scheme) |
|
Nicholas Davies |
options on 3,600,000 shares (partly EMI, partly unapproved) |
|
Christopher Langridge |
options on 3,600,000 shares (partly EMI, partly unapproved) |
|
Mike Shinya |
options on 2,100,000 shares (unapproved scheme) |
The exercise price on all these options is 4.5p.
All of the above options vest one third on 28th May 2011, one third on 28th May 2012, one third on 28th May 2013. There is a period of 2 years after vesting in which the options may be exercised at the holders' option.
John Wisbey, Chief Executive of Lombard Risk commented "Although guidance for larger companies is that companies should not issue share options to Non-Executive directors, we were encouraged to do so by institutional investors in order to attract the right quality of candidates, and as a large shareholder myself I fully supported this. It is the normal policy of the Company to issue options that are slightly out of the money, and specifically in this case we thought it right that the exercise price should be 12.5% above the price at which institutions and others invested in the September 2009 placing".
For further information please contact:
|
Lombard Risk Management plc www.lombardrisk.com |
Tel: 020 7089 3700 |
|
Philip Crawford, Chairman |
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|
John Wisbey, CEO |
john.wisbey@lombardrisk.com |
|
Chris Langridge, COO and Finance Director |
chris.langridge@lombardrisk.com |
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|
|
Allenby Capital Limited |
Tel: 020 3328 5656 |
|
Brian Stockbridge / Alex Price |
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|
Walbrook PR Ltd |
Tel: 020 7933 8780 |
|
Paul McManus |
Mob: 07980 541 893 paul.mcmanus@walbrookpr.com |
|
Bob Huxford |
Mob: 07747 635 908 bob.huxford@walbrookpr.com |
Related Shares:
Lombard Risk Management