10th Dec 2014 15:51
10 December 2014
Flowgroup plc
(the "Company")
Grant of Share Options
Flowgroup plc (AIM: FLOW), which develops and commercialises alternative and efficient energy technology products,announces that it has today granted the following subscription options over its ordinary shares of 5p each to Nigel Canham:
No. of subscription options | Exercise price | Issued share capital of the Company | |
Nigel Canham (Chief Financial Officer) | 1,000,000 | 43.75p | 0.42% |
One third of these options will be exercisable on the Company's AIM mid-market closing price being maintained at 50 pence or higher for not less than one calendar month; another third will be exercisable on the Company's AIM mid-market closing price being maintained at £1 or higher for not less than one calendar month; and the final third will be exercisable on the Company's AIM mid-market closing price being maintained at £1.50 or higher for not less than one calendar month.
These options have been granted under the Company's Enterprise Management Incentive Scheme to the extent of the relevant legislative limits and the balance under the Company's Unapproved Share Option Scheme.
Enquiries:
Flowgroup plc | www.flowgroup.uk.com | |
Tony Stiff, Group Chief Executive Officer | Tel: +44 (0)151 348 2100 | |
Investec Bank plc (NOMAD, joint Financial Adviser and joint Broker) | Tel: +44 (0)20 7597 4000 | |
Christopher Baird / Daniel Adams / Ben Williams | ||
Cenkos Securities plc (joint Financial Adviser and joint Broker) | Tel: +44 (0)20 7397 8900 | |
Stephen Keys / Christopher Golden (Corporate Finance), Julian Morse (Sales) | ||
Walbrook PR Ltd | Tel: +44 (0)20 7933 8780 or [email protected] | |
Paul McManus (Media Relations) | Mob: 07980 541 893 | |
Related Shares:
Flowgroup