28th Oct 2014 14:00
Universe Group PLC
("Universe" or the "Company")
Grant of Options
Universe (AIM:UNG.L) announces that a total of 3,903,000 share options ("Options") to subscribe for ordinary shares of 1p each in the Company ("Shares") have today been granted to directors and members of the senior management team of the Company. Options over 730,000 Shares have been issued to certain members of the senior management team and the following Options have been issued to Directors:
Director | Options granted | Scheme granted under | Vesting period | Total Options now held |
Jeremy Lewis | - | EMI Share Option Scheme | - | 3,440,000 |
Jeremy Lewis | 1,644,500 | Unapproved Share Option Scheme | 3 years | 2,204,500 |
Robert Smeeton | 1,178,500 | EMI Share Option Scheme | 3 years | 4,428,500 |
Robert Goddard | 250,000 | Unapproved Share Option Scheme | 3 years | 3,500,000 |
Malcolm Coster | 100,000 | Unapproved Share Option Scheme | 3 Years | 975,000 |
The Options have an exercise price of 5.5p and may be exercised only if the Company's share price is at or above 9.5 pence per share within three years of the award. The Options expire on the tenth anniversary of grant.
-ends-
Universe Group PLC
Robert Goddard, Chairman
Jeremy Lewis, Chief Executive
Tel: 02380 689510
finnCap Limited
Stuart Andrews / Henrik Persson (Corporate Finance)
Tel: 02072 200 200
Related Shares:
UNG.L