14th Jul 2005 07:30
Finsbury Food Group PLC14 July 2005 Date: 14 July 2005On behalf of: Finsbury Food Group plcUnder embargo until: 0730hrs Finsbury Food Group plc ("the Company")GRANT OF OPTIONS OVER SHARES On 14th July 2005 the Remuneration Committee granted options over a total of165,000 ordinary shares to the Executive Directors and senior management of theCompany in accordance with its obligations under the Long Term Incentive Planthat was adopted on 3rd September 2004. Of these, options over 40,000 and 50,000 shares were granted to David Brooks(the Chief Executive) and John Lomer (the Finance Director) respectively. Theseoptions were granted in terms of the Company's EMI Share Option Scheme with anexercise price of 52.5p each. The proportion of options that will vest dependsupon the growth in fully diluted earnings per share over a five-year period.The earliest vesting day is the day after the announcement of the results forthe financial year ending five years from the date of grant. In addition to the options outlined above, Mr Brooks and Mr Lomer have interestsin the following share options: Name Share Scheme Exercise Period No of options Exercise PriceDavid Brooks Unapproved Share Options 2005 - 2009 500,000 29p Approved Share Options 2005 - 2012 100,000 29p EMI Share Options 2009 - 2014 52,848 34p John Lomer Unapproved Share Options 2007 - 2011 125,000 39p Approved Share Options 2007 - 2014 75,000 39p EMI Share Options 2009 - 2014 52,848 34p Mr Brooks also has a beneficial interest in 125,460 ordinary shares in theCompany representing 0.56 per cent of the Company's issued ordinary sharecapital. - Ends - Enquiries to: Redleaf Communications Tel: 020 7955 1410Emma Kane/Miranda Good City Group P.L.C Tel: 020 448 8957 J D Crossley This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
FIF.L