9th Jul 2010 07:00
9 July 2010
Gable Holdings Inc
("Gable" or "the Company" or "the Group")
Issue of share options
The Board of Gable Holdings Inc. approved on 8 July 2010, the issue of 11,332,200 share options to directors, management and employees, representing 10.0% of the current issued share capital of Gable.
The vesting of the share options is subject to performance criteria, which includes, inter alia, consolidated profit targets for the Group for the next three years. The option price for the exercise of the share options will be the middle market closing price on 8 July 2010 which is 17.5pence per ordinary share of 0.25p each in the Company.
Of the options being issued, the following are being issued to directors of Gable:
|
Director |
Option shares |
% of existing share capital |
|
William Dewsall, Chief Executive |
4,532,880 |
4.0% |
|
Blaise Craven, Non-Executive Director |
453,288 |
0.4% |
|
Gable Holdings Inc Mark Fairman
|
Tel: +44(0)20 7337 7460 |
|
Arden Partners plc Fred Walsh Matthew Armitt
|
Tel: +44(0)20 7614 5917 |
|
Hansard Communications Justine James John Bick |
Tel: +44 (0) 20 7245 1100 +44 (0) 7872 061007 |
Related Shares:
GAH.L