20th Apr 2011 15:45
ILX Group PLC
("ILX" or the "Group")
GRANT OF SHARE OPTIONS
ILX Group plc (AiM: ILX), announces that additional share options have today been granted to Ken Scott and Jon Pickles in respect of remuneration sacrificed during the 2010/11 financial year. The options granted are zero cost options over the Company's ordinary shares of 10p each, and have been calculated using the 26.5p price at which Octopus invested £900,000 in November 2010.
Ken Scott sacrificed £90,348 during the year and has therefore been granted options over 340,936 shares. Jon Pickles sacrificed £24,267 during the year and has therefore been granted options over 91,574 shares.
Following these grants, the Directors have the following shares under option:
| Options held | %age of issued share capital |
Ken Scott | 1,505,936 | 5.6% |
Jon Pickles | 651,574 | 2.4% |
Eddie Kilkelly | 320,000 | 1.2% |
TOTAL | 2,477,510 | 9.2% |
The options above have been granted over shares issued to the Company's medium term incentive trust which currently holds 1,930,981 ordinary shares and hence are dilutive only to the extent that they exceed that figure.
20 April 2011
For further information, please contact:
ILX Group plc | 020 7751 7100 |
Ken Scott, Chief Executive | |
FinnCap | 020 7600 1658 |
Marc Young, Charlotte Stranner - Corporate Finance Tom Jenkins, Joanna Weaving - Corporate Broking
| |
Lothbury Financial Services Limited | 020 7868 2010 |
Michael Padley / Chris Roberts |
Related Shares:
Progility