21st Dec 2007 10:58
Capcon Holdings PLC21 December 2007 Capcon Holdings plc (the "Company") At a meeting of the Remuneration Committee of the Board of Directors of theCompany held on 20 December 2007, a resolution was passed approving anadjustment to the terms of subsisting options held by certain directors(including Ken Dulieu and Cliff Cavender) and employees of the Company and itssubsidiaries (the "Group"). The resolution provides for the exercise price ofall subsisting options to be reduced from the existing price of 34p per share toa price of 6p per share, a premium of approximately 26% to the currentmid-market price of an issued share in the Company. Such adjustment to thesubsisting options is intended to take immediate effect. There are currently subsisting, unexercised options over an aggregate of1,231,850 unissued ordinary shares of 1p each in the capital of the Company,approximately equivalent to 11.4% of the current issued share capital of theCompany. Enquiries: Capcon Holdings plc Cliff Cavender Tel: 020 7349 5356 Insinger de Beaufort Nandita Sahgal Tel: 020 7190 7000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MTR.L