15th Feb 2012 07:00
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 |
Related Shares:
DDD.L