2nd Oct 2007 17:16
Jelf Group PLC02 October 2007 2 October 2007 Jelf Group plc (the "Company" or the "Group") Long Term Incentive Plan Issue of second tranche of options Further to the announcement on the 7 March 2007, the Board of Jelf Group plc("the Company") announces the second issue of options to employees to subscribefor new ordinary shares under the Jelf Group plc Long Term Incentive Plan ("LTIP"). 370,000 options have been granted to Directors and 120,000 optionshave been granted to other employees. The exercise of these options is subject to the achievement of specifiedperformance conditions over a three-year period. The exercise price is 243p (themarket price close of 30 September 2007). Subject to achievement of specificperformance conditions, the options are exercisable from the date on which theBoard approves the audited Report & Accounts of the Group and the Company forthe year ended 30 September 2010. The LTIP options are exercisable for a periodof twelve months following the exercise date. The table below sets out the options granted to each of the relevant Directorsunder this issue. This number of options is subject to meeting all of theperformance conditions in full and will be reduced proportionately if any of theconditions are not achieved. No. of share No. of share options No. of share options Total No. of share options granted granted under the LTIP held under EMI options under this LTIP scheme in March 07 scheme issue Alex Alway 250,000 250,000 500,000John Harding 60,000 60,000 57,813 177,813 Philip Barton 60,000 60,000 120,000 The total existing aggregate holdings of each of the relevant Directors andtheir beneficial interest in the total voting rights is detailed below: No. of Total No. of No. of ordinary Total aggregate Total holding including ordinary share options shares awarded by holding options as a percentage shares held EBT not yet of issued and to be vested issued share capital* Alex Alway 1,084,800 500,000 0 1,584,800 5.78%John Harding 248,690 177,813 11,925 438,428 1.60% Philip Barton 286,000 120,000 11,583 417,583 1.52% * This has been calculated by dividing the total aggregate holding by the wholeof the issued and to be issued share capital of the Company which comprises25,744,412 Ordinary Shares in issue, and 1,696,891 share options, being thetotal number of options currently outstanding. For further information: Jelf GroupAlex Alway, Group Chief Executive +44 (0) 1454 272799 Daniel StewartAlastair Cade [email protected] +44 (0) 20 7776 6550 Polly Fergusson [email protected] +44 (0) 20 7743 6362 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JLF.L