9th Dec 2014 14:55
9 December 2014
Imperial Innovations Group plc
Grant of options under SAYE Scheme
Imperial Innovations Group plc (AIM: IVO, "Innovations" or "the Group") has today granted options over ordinary shares in the capital of the Group to the following directors under Innovations' new SAYE Share Option Scheme.
| Number of shares |
Russ Cummings | 4,390 |
Nigel Pitchford | 4,390 |
Tony Hickson | 3,073 |
The Imperial Innovations SAYE Share Option Scheme was formally launched on 17 November 2014 and made available to all employees employed by the Group on the same date. Sixty four per cent of permanent employees had taken up the offer by the time of the closing date of 1 December 2014.
The options have an exercise price of 410 pence per share and are exercisable at the end of a three-year savings contract ending 1 January 2018. The exercise price of 410p per share has been set according to HMRC rules, at a 10% discount to the market price at the time of the launch. A total of 65,513 shares are under option for this scheme.
For further information please contact:
Imperial Innovations Group plc | 020 3053 8850 |
Martin Knight, Chairman William Rayner, Company Secretary
| |
Instinctif Partners | 020 7457 2020 |
Adrian Duffield/Melanie Toyne-Sewell
| |
J.P. Morgan Cazenove (Nominated Adviser) | 020 7742 4000 |
Michael Wentworth Stanley/Alec Pratt
| |
Cenkos Securities | 020 7397 8900 |
Andy Roberts/Christopher Golden |
Related Shares:
Imperial Innovations Group