Business
Grant of Share Options
Grant of Share Options.
About this update from Artisanal Spirits Company Plc
[{"type":"text","content":"\n Artisan (UK) PLC\n25 July 2006\n\n\n\n ARTISAN (UK) PLC\n \n GRANT OF SHARE OPTIONS\n \nArtisan (UK) plc announces that under the authority allowed in the existing \nApproved and Unapproved Executive Share Option schemes, share options were \nissued to the Executive Directors of Artisan (UK) plc on 24 July 2006. The number \nand terms of the share options were carefully considered by the Remuneration \nCommittee and issued to help ensure that the interests of senior management of \nthe group are aligned with those of the shareholders. The Remuneration Committee \nbelieve that a principal interest of the shareholders is share price growth and \naccordingly the exercise of the shares is conditional upon share price growth in\nArtisan (UK) plc. These share options form the third and final tranche of a \nshare options programme previously agreed.\n\nThe options granted to the Executive Directors are as follows:\n\nName Share options Exercise Scheme\n granted price Conditions\n 24 July 2006\n\nChris Musselle\n 916,666 3.75p Unapproved a\n 916,667 3.75p Unapproved b\n\nJohn Jones\n 500,000 3.75p Unapproved a\n 500,000 3.75p Unapproved b\n \nMr Musselle is now interested 758,853 ordinary shares in Artisan (UK) plc,\nrepresenting approximately 0.23 per cent. of the issued share capital, and a \ntotal of 7,499,999 share options including those announced above. Other than for \n1,500,000 shares granted in May 2000, all of his share options have performance\nconditions attaching.\n\nMr Jones is now interested 220,000 ordinary shares in Artisan (UK) plc, \nrepresenting approximately 0.07 per cent. of the issued share capital and a \ntotal of 3,500,000 share options including those announced above. All of his share \noptions have performance conditions attaching.\n\nConditions:\n\na. The Exercise of the Option is conditional on the closing mid-market\n price of an ordinary share exceeding 5.50p ('the threshold price')\n for a consecutive period of 90 days prior to the third anniversary\n of the date of grant. These options may be exercised between three\n and six years after the options were granted.\n\nb. The Exercise of the Option is conditional on the closing mid-market\n price of an ordinary share exceeding 6.50p ('the threshold price')\n for a consecutive period of 90 days prior to the third anniversary\n of the date of grant. These ...