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Grant of options

15th Feb 2012 07:00

RNS Number : 4307X
DDD Group PLC
15 February 2012
 



15 February 2012

 

DDD GROUP PLC

 

GRANT OF OPTIONS

 

The Company announces that on 14 February 2012 the Board of Directors have approved a grant of options over 2,420,000 ordinary shares of 1p each in the Company ("Ordinary Shares") to the management of the Company including Chris Yewdall, executive Director. The options have an exercise price of 27.25p 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

Total number of option shares

Exercise period

C Yewdall (CEO)

14 Feb 2012

1,000,000

27.25p

2,800,000

14 February 2013 to 13 February 2017

V Stull1 (CFO)

14 Feb 2012

500,000

27.25p

1,100,000

14 February 2013 to 13 February 2017

J Flack1 (CTO)

14 Feb 20122

 

500,000

27.25p

1,300,000

14 February 20132 to 13 February 2017

 

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 13 February 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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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