31st Jul 2006 07:01
Asian Citrus Holdings Ltd31 July 2006 31 July 2006 Asian Citrus Holdings Limited (the "Company") Asian Citrus Holdings Limited Share Option Plan (the "Plan") On 27 July 2006, the Company granted options over ordinary shares in the Companyunder the Plan at an exercise price of 204.5 pence as follows: Executive Directors Number of options TONG Wang Chow 150,000TONG Hung Wai, Tommy 55,000CHEUNG Wai Sun 45,000PANG Yi* 120,000 The options will normally vest and become exercisable annually at the rate of20% from 27 July 2007 onwards, subject to continued employment and thesatisfaction of certain performance conditions. (*Options in respect of thisindividual are only subject to continued employment) The options are exercisable from 27 July 2007 to 27 July 2014. There is no consideration to be paid for the granting of the options. Note: Tong Wang Chow and Tong Hung Wai, Tommy own respectively 76% and 6% of theissued share capital of Market Ahead Investments Limited, which ownsapproximately 41% of the issued share capital of the Company. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ACHL.L