21st May 2008 09:11
Savile Group plc ("Savile" or the "Company") Grant of options
The Board of Savile announces that the following options have been granted to Directors and staff:
DirectorsName Number of options Exercise % of present issued granted (and also price share capital (being the total options (pence) 14,630,145 ordinary granted to each shares)represented by director) options held by each director % Jonathan Cohen 200,000 19.5p 1.37 Peter Evans 200,000 19.5p 1.37 Helen Pitcher 425,000 19.5p 2.90 Michael Moran* 300,000 19.5p 2.05 Linda Jackson* 200,000 19.5p 1.37 Jo Bond 200,000 19.5p 1.37 Mark Sidlin 200,000 19.5p 1.37 David Stewart 200,000 19.5p 1.37 Total 1,925,000 19.5p 13.16
* after taking into account the waivers of options described below.
Options granted to Directors may only be exercised if performance conditions are satisfied. The options may be exercised between 20 May 2011 and 20 May 2018.
In addition, the following options previously granted to Directors have beenwaived:Director Number of options Date of grant Exercise price waived Michael Moran 177,778 16 March 2006 15.5p Linda Jackson 88,889 16 March 2006 15.5p Staff
In addition, a total of 550,000 options, representing 3.76% of the Company's present issued share capital, have been granted to staff. These options have an exercise price of 19.5 pence each and are exercisable between 20 May 2011 and 20 May 2018.
In aggregate 2,621,111 options, representing 17.92% of the Company's present issued share capital have been granted to staff.
Enquiries:
Savile Group plc Tel: 020 7816 0707Jonathan CohenChairmanNominated adviser to SavileDowgate Capital Advisers Ltd Tel: 020 7492 4777Tony RawlinsonChairman
vendorRelated Shares:
Ls -3x Avgo