5th Jul 2010 07:00
ILX Group PLC
("ILX" or the "Company")
Grant of Share Options
The Company announces that additional share options have today been granted to Ken Scott over 290,000 ordinary shares of 10p each and to Jon Pickles over 210,000 ordinary shares of 10p each. Both options are granted at nil cost and are exercisable at any time between 30 June 2012 and 30 June 2020.These additional grants of options have been made in respect of cash bonuses due to Ken Scott and Jon Pickles which were waived.
Following these grants, the Directors have the following shares under option:
|
|
Shares under Option |
Percentage of issued shares (excluding MTIP shares) |
|
Ken Scott |
1,165,000 |
4.9% |
|
Jon Pickles |
560,000 |
2.4% |
|
TOTAL |
1,725,000 |
7.3% |
The options above have been granted over shares issued to the Company's medium term incentive trust which currently holds 1,930,981 ordinary shares and hence are non-dilutive.
5 July 2010
For further information, please contact:
|
ILX Group plc |
020 7751 7100 |
|
Ken Scott, Chief Executive |
|
|
FinnCap |
020 7600 1658 |
|
Marc Young - Corporate Finance Tom Jenkins - Corporate Broking
|
|
|
Lothbury Financial Services Limited |
020 7868 2010 |
|
Michael Padley / Libby Moss |
|
Editors' Note
ILX Group plc (www.ilxgroup.com) is a leading provider of vocational training to the private and public sectors, delivered through e-learning, and instructor-led courses/workshops, and trades through two divisions:
1. Best Practice provides e-learning software, instructor-led training and implementation consultancy principally in the programme and project management and IT service management markets.
2. Finance provides e-learning software, instructor-led training, workshops and related services, in the business finance and investment banking markets.
ENDS
Related Shares:
Progility