28th Apr 2005 15:22
BowLeven Plc28 April 2005 BowLeven plc ("the Company") Grant of share options and change of registered address At a meeting of the board of directors of the Company on 28 April 2005, theCompany granted share options exercisable at the closing price on 27 April 2005as detailed below. The Company announces that it has granted options over 7,843 ordinary shares inthe capital of the Company to Peter Wilson, Commercial Director of the Company,at an exercise price of £3.825 per ordinary share. The options were grantedunder the BowLeven Plc Approved CSOP Scheme. The options will be exercisablefrom 28 April 2008 and will lapse on 27 April 2015. In addition, the Company announces that it has granted options over 156,540ordinary shares to Peter Wilson and options over 55,097 ordinary shares to ChiefTabetando, a director of the Company, at an exercise price of £3.825 perordinary share. The options were granted under the Company's Unapproved ShareOption Scheme. The options will be exercisable from 28 April 2007 and will lapseon 27 April 2015. The ordinary shares referred to above are ordinary shares of 10p per share. Summarised below are the details of all the options granted to the directors ofthe Company. Date of grant 22 Nov 2004 17 Dec 2004 17 Dec 2004 28 April 2005 28 April 2005 Director Unapproved Options Approved Options Unapproved Options Approved Options Unapproved Options £3.30 per share £3.63 per share £3.63 per share £3.825 per share £3.825 per shareTerry Heneaghan 8,264 212,122 Philip Rhind 325,000 8,264 184,574 John Brown 150,000 8,264 20,662 Chief Tabetando 110,193 55,097 Don Vandergrift 8,264 157,026 Peter Wilson 7,843 156,540 Approved Options are exercisable within the period beginning on the thirdanniversary of the Date of Grant and ending on the day prior to the tenthanniversary. Unapproved Options are exercisable within the period beginning onthe second anniversary of the Date of Grant and ending on the day prior to thetenth anniversary. All of the options are exercisable earlier in certaincircumstances, as set out in the Scheme Rules. The Company also wishes to report that it has changed its registered officeaddress to: 68/70 George Street,Edinburgh,EH2 2LTUnited Kingdom For further information please contact: John Brown, BowLeven plc Tel: 0131 260 5100 Neil Bennett, Maitland Tel: 020 7379 5151 Adam Westcott, Noble & Company Limited Tel: 0131 225 9677 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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