26th Oct 2005 17:27
BowLeven Plc26 October 2005 26 October 2005 BowLeven Plc ('the Company' or 'BowLeven') Grant of Options On 26 October 2005 the Board of BowLeven granted options over a total of 411,735ordinary shares in the Company to Directors and other employees of the Company.These options are being granted pursuant to the BowLeven Plc Employee ShareOption Scheme (the 'Scheme') for Approved Options and Unapproved Options.Following shareholder approval at the Company's EGM held on 12 October 2005,certain amendments to the original details of the Scheme, as set out in theadmission document of 7 December 2004, were made and these amendments are setout in the Company's announcement on 19 September 2005, regarding the EGM. These grants include awards to Directors of the Company as detailed below: Name Position Number of options Exercise Vesting period granted price Robert Walvis Senior Non-executive 37,735 530.0p Between 26 October 2007 and 25 October 2015 Director and Deputy (Unapproved Chairman Options) John Morrow Technical Director 266,837 530.0p Between 26 October 2007 and 25 October 2015 (Unapproved Options) John Morrow Technical Director 8,163 367.5p Between 26 October 2008 and 25 October 2015 (Approved Options) There is no performance condition applied to either the Approved Options or theUnapproved Options. For further information contact: Philip Rhind, Chief Executive, BowLeven Plc 0131 260 5100Adam Westcott, Noble & Company Limited 0131 225 9677Neil Bennett, Maitland 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BLVN.L