25th Jun 2014 13:27
Cello Group plc
25 June 2014
Cello Group plc ("Cello" or the "Company")
Grant of Options
Cello today announces a series of annual awards under various option schemes as follows:
Under the Cello Group plc HM Revenue and Customs Approved Share Option Plan 2009 ("The Approved Plan") and under the Cello Group plc Unapproved Share Option Plan 2010 ("The Unapproved Plan") options were granted on 24 June 2014 entitling certain employees to acquire a total of 496,607 ordinary shares of 10 pence each ("Ordinary Share") at an exercise price of 85.5 pence per Ordinary Share.
Under the Performance Share Plan 2010 ("PSP"), options were also granted entitling certain directors and employees to acquire a total of 461,000 Ordinary Shares at an exercise price of 10 pence per Ordinary Share.
The following directors were awarded options under the PSP on 24 June 2014
Name | Number of options | % of share capital | Cumulative number of outstanding PSP options | % of issued share capital |
Mark Scott | 120,000 | 0.14% | 1,100,000 | 1.31% |
Mark Bentley | 90,000 | 0.11% | 515,000 | 0.61% |
Stephen Highley | 50,000 | 0.06% | 222,000 | 0.26% |
All these options will normally be exercisable from 24 June 2017 subject to continued employment and the extent to which performance conditions have been met.
25 June 2014
Enquiries:
Cello Group 020 7812 8460
Mark Bentley, Finance Director
Cenkos Securities 0207 397 8900
Bobbie Hilliam
Related Shares:
CLL.L