2nd Feb 2010 07:00
2 February 2010
CINPART PLC
("Cinpart" or the "Company")
Issue of Options
The Company announces that it has granted the following share options (the "Options") to Philip Palmer (Non-Executive Chairman), Christopher Foster (Executive Director) and Kevin Baker (Chief Executive) (together, the "Directors");
|
|
Number of options |
|
Philip Palmer |
168,000 |
|
Christopher Foster |
336,000 |
|
Kevin Baker |
336,000 |
The Options have been issued with an exercise price of 20 pence, being the closing-middle market price on 1 February 2010, the day prior to the issue of the Options. The Options vest immediately and are exercisable until 2 February 2020.
Following the issue of the Options, the Directors will hold the following share options;
|
|
Exercise Price (pence) |
Number of Options |
Date Granted |
Exercisable Until |
|
Consortia Trustees** |
20 |
168,000 |
02/02/2010 |
02/02/2020 |
|
|
1 |
450,000 |
29/06/2007 |
06/06/2017 |
|
|
7 |
857,142 |
29/06/2007 |
06/06/2017 |
|
|
|
|
|
|
|
Christopher Foster |
20 |
336,000 |
02/02/2010 |
02/02/2020 |
|
|
6.375 |
1,823,480 |
22/05/2009 |
22/05/2019 |
|
|
7 |
357,142 |
29/06/2007 |
06/06/2017 |
|
|
1 |
500,000 |
29/06/2007 |
06/06/2017 |
|
|
|
|
|
|
|
Kevin Baker |
20 |
336,000 |
02/02/2010 |
02/02/2020 |
|
|
6.375 |
1,823,480 |
22/05/2009 |
22/05/2019 |
|
|
7 |
357,142 |
29/06/2007 |
22/05/2017 |
|
|
|
|
|
|
** The options held by Consortia Trustees Limited are held on behalf of a discretionary trust, beneficiaries of which include the family of P E Palmer.
Enquiries:
|
Cinpart Plc |
|
|
Kevin Baker, Chief Executive Christopher Foster, Executive Director
|
Tel: 020 3176 3033 Tel: 020 3176 3031
|
|
Merchant John East Securities Limited (Nominated Adviser) |
|
|
John East/Simon Clements |
Tel: 020 7628 2200
|
|
Mirabaud Securities LLP (Joint Broker) |
|
|
Rory Scott
|
Tel: 020 7878 3360 |
|
Rivington Street Corporate Finance Limited (Joint Broker) |
|
|
Dru Edmonstone |
Tel: 020 7562 3389
|
|
Hansard Group (Public Relations) |
|
|
Kirsty Corcoran/Justine James
|
Tel: 020 7245 1100 |
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