22nd May 2009 12:40
22 May 2009
CINPART PLC
("Cinpart" or the "Company")
Issue of Options
The Company announces that it has granted the following share options (the "Options") to Christopher Foster (Executive Director) and Kevin Baker (Chief Executive) (together, the "Directors");
|
Number of options |
|
|
Christopher Foster |
1,823,480 |
|
Kevin Baker |
1,823,480 |
The Options have been issued with an exercise price of 6.375 pence, being the average closing-middle market price of the three days following the release of the Company's accounts to 31 December 2008 on 19 May 2009. The options vest immediately and are exercisable until 22 May 2019.
Following the issue of the Options, the Directors will hold the following share options;
|
Exercise Price (pence) |
Number of Options |
Date Granted |
Exercisable Until |
|
|
Christopher Foster |
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 |
6.375 |
1,823,480 |
22/05/2009 |
22/05/2019 |
|
7 |
357,142 |
29/06/2007 |
22/05/2017 |
Enquiries:
|
Cinpart |
|
|
Christopher Foster, Executive Director |
Tel: 020 3176 3031 |
|
Kevin Baker, Chief Executive |
Tel: 020 3176 3033 |
|
John East & Partners Limited, a subsidiary of Merchant Securities Plc (Nomad) |
|
|
John East/Simon Clements |
Tel: 020 7628 2200 |
|
Rivington Street Corporate Finance Limited (Broker) |
|
|
Monisha Varadan |
Tel: 020 7562 3389 |
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