25th Jan 2008 17:18
Portland Gas plc25 January 2008 For Immediate Release 25 January 2008 Portland Gas plc (the "Company") Grant of Options The Company announces that, on 25 January 2008, and as disclosed in its AIMAdmission Document it has established an Enterprise Management Incentive Scheme("EMI Scheme") and that options to purchase shares have been granted to allemployees. All the options have been granted at 228p (being the average middle-marketclosing price on the three days immediately preceding the date of grant). Theoptions are not exercisable until 1 January 2011. Options were granted over atotal of 286,176 ordinary shares representing approximately 0.42% of the issuedshare capital. The market value of the options granted is £652,481.28 out of themaximum £3,000,000 permitted under the EMI Scheme. The grant of options included the following grants to directors: Andrew Hindle,Craig Gouws and Walter Roberts, 43,859 ordinary shares each; and KennethRatcliff, Mark Abbott and Maurice Hazzard, 21,929 ordinary shares each. In eachcase these are the only options awarded to each director. Enquiries: Andrew Hindle/Craig Gouws Tel: +44(0)20 8332 1200Portland Gas plc Ben Willey Tel: +44 020 7466 5000Buchanan Communications Jonathan Wright/Sarah Jacobs Tel: +44(0)20 7107 8008Seymour Pierce Limited This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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