10th Jul 2012 07:00
10 July 2012
DDD GROUP PLC
GRANT OF OPTIONS
Los Angeles, California: DDD Group plc (AIM: DDD), the 3D solutions company, announces that on 9 July 2012 the Board of Directors have approved a grant of options over 600,000 ordinary shares of 1p each in the Company ("Ordinary Shares") to the executives of the Company including Chris Yewdall, executive Director. The options have an exercise price of 25p per Ordinary Share which is the mid-market closing price of the shares on the grant date.
The Directors and officers to whom options have been granted are detailed below:
Director/ Officer
| Date of grant | Number of option shares | Exercise price per option share | Exercise period | Total number of option shares in issue to executive |
C Yewdall (CEO) | 9 Jul 2012 | 300,000 | 25p | 9 July 2013 to 8 July 2017 | 3,100,000 |
V Stull1 (CFO) | 9 Jul 2012 | 150,000 | 25p | 9 July 2013 to 8 July 2017 | 1,250,000 |
J Flack1 (CTO) | 9 Jul 20122
| 150,000 | 25p | 9 July 20132 to 8 July 2017 | 1,450,000 |
1Non-director
2Australian share plan rules require an offer and acceptance of the grant. As a result, the official grant date may be up to 60 days after this date under local law for Australian recipients.
The final grant and exercise dates may vary due to the applicable local tax regulations under which the shares are granted as noted above. The options will vest and become exercisable as to one-third on the first anniversary of the date of grant, one-third on the second anniversary of the date of grant and one-third on the third anniversary of the date of grant. All of the said options will expire, if not exercised, on 8 July 2017.
Enquiries
DDD Group Chris Yewdall, President & CEO Victoria Stull, Chief Financial Officer | +1 310 566 3340 |
Canaccord Genuity Simon Bridges | 0207 050 6500 |
College Hill Kay Larsen / Adrian Duffield | 0207 457 2020 |
Related Shares:
DDD.L