16th Apr 2008 15:19
Norish PLC16 April 2008 Norish plc ("Norish" or the "Company") 16 April 2008 Cancelling and Granting of Share Options Norish announces that share options currently granted to Norman Hatcliff andAidan Hughes under the Company Share Option Scheme are to be cancelled andre-granted in order to comply with the Enterprise Management Incentive (EMI)Scheme. Under the EMI scheme options over shares in a qualifying company thatare granted at market value to qualifying employees may be exercised free fromincome tax and national insurance contributions subject to the terms of thescheme rules being met. Norman Hatcliff, Managing Director of Norish, has on 16 April 2008 cancelled140,000 share options of nominal value €0.25 each at an exercise price of 58pence per share under the Company Share Option Scheme. Norman Hatcliff will beissued with 140,000 share options in the next few days, subject to confirmationfrom HMRC, under the tax efficient EMI Scheme. The 140,000 shares options ofnominal value €0.25 each will be issued at an exercise price of 58 pence pershare exercisable between the third anniversary of the date of grant and thetenth anniversary of the date of grant. Norman Hatcliffs' shareholding stands at 10,000 ordinary shares of €0.25 each,representing approximately 0.12% of the issued share capital of Norish and hewill be the beneficial owner of 148,000 share options. Aidan Hughes, Finance Director and Company Secretary of Norish, has on 16 April2008 cancelled 110,000 share options of nominal value €0.25 each at an exerciseprice of 58 pence per share under the Company Share Option Scheme. Aidan Hugheswill be issued with 110,000 share options in the next few days, subject toconfirmation from HMRC, under the tax efficient EMI Scheme. The 110,000 shareoptions of nominal value €0.25 each will be issued at an exercise price of 58pence per share exercisable between the third anniversary of the date of grantand the tenth anniversary of the date of grant. Aidan Hughes shareholding stands at 193,340 ordinary shares of €0.25 each,representing approximately 2.28% of the issued share capital of Norish and hewill be the beneficial owner of 118,000 share options. Enquiries: NorishAidan Hughes, Finance Director and Company Secretary Telephone: + 44 1293 862 498 NCBLiam Booth, Managing Director Telephone: + 353 1 611 5611 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NSH.L