16th Mar 2006 07:00
Cello Group plc16 March 2006 Cello Group plc ("Cello") Performance Share Option Plan On 15 March 2006 executive directors of Cello were granted awards, as summarisedbelow, of options entitling them to acquire ordinary shares of 10p at anexercise price of 10p per share under the new Cello Group plc Performance ShareOption Plan, details of which were announced on 14 March 2006. Executive Director Number of shares over which options granted (% of issued share capital)Kevin Steeds 191,489 (0.59%)Mark Scott 191,489 (0.59%)Mark Bentley 93,617 (0.29%) In addition, on 15 March 2006, under the Cello Group plc Performance ShareOption Plan, executive directors were granted matching awards, as summarisedbelow, of options entitling them to acquire ordinary shares of 10p at anexercise price of 10p per share as a result of their having elected to receivean equal number of Cello shares in lieu of a proportion of their cash bonuses,net of tax and national insurance. Executive Director Number of shares over which options granted (% of issued share capital)Kevin Steeds 10,000 (0.03%)Mark Scott 10,000 (0.03%)Mark Bentley 5,000 (0.02%) These options will normally be exercisable on 15 March 2010 subject to continuedemployment and the extent to which performance conditions have been met. 16 March 2006 Enquiries:Cello Group plc 020 7812 8463Mark Bentley, Finance Director College Hill 020 7457 2020Adrian Duffield/Ben Way This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CLL.L