Business
Grant of Options
Grant of Options.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n RNS Number : 3554A Blue Star Capital plc 07 October 2009 \n \nBlue Star Capital plc\n(the 'Company')\n\nDirector's Dealing\n\nThe Board of the Company announces that it has granted options to subscribe for 9,621,666 ordinary shares of 0.1p each, in aggregate, to directors, non-executive directors and employees of the Company. Each option has an exercise price of 4.5p per ordinary share, being the closing price on the day immediately prior to the grant of the options, and may be exercised at any time in the next five years subject to the vesting criteria being met.\n\nFollowing this grant of options the interests of the Directors are set out below:\n\n\n\n\n\nDirector\n\n\nOptions Granted\n\n\nNumber of Ordinary Shares held\n\n\nShareholding as a percentage of issued share capital\n\n\nNumber of options held\n\n\nTotal options as a percentage of issued share capital\n\n\n\n\nLord Dear\n\n\n1,252,818\n\n\n-\n\n\n-\n\n\n1,252,818\n\n\n0.83\n\n\n\n\nRichard Leaver\n\n\n6,067,236\n\n\n1,243,359\n\n\n0.83\n\n\n6,067,236\n\n\n4.04\n\n\n\n\nPeter Varnish OBE\n\n\n939,614\n\n\n-\n\n\n-\n\n\n939,614\n\n\n0.63\n\n\n\n\nGeneral Sir Michael Wilkes\n\n\n939,614\n\n\n-\n\n\n-\n\n\n939,614\n\n\n0.63\n\n\n\n\nClaire Hastings\n\n\n422,384\n\n\n-\n\n\n-\n\n\n422,384\n\n\n0.28\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nTotal\n\n\n9,621,666\n\n\n1,243,359\n\n\n0.83\n\n\n9,621,666\n\n\n6.40\n\n\n\n\n\nThis issue of options is deemed to be a related party transaction under Rule 13 of the AIM Rules. As there are no independent directors, Dowgate Capital Advisers plc, being the Company's Nominated Adviser, is satisfied that those terms are fair and reasonable insofar as the Company's shareholders are concerned.\n\nThe Company's issued share capital consists of 150,260,935 ordinary shares of 0.1p each. \n\nFor further information, please contact:\n\n\n\n\n\nBlue Star Capital plc\nRichard Leaver, Chief Executive Officer \n \n\n\n\n\n\nTel: 0207 034 4980\n\n\n\n\n\nDowgate Capital Advisers plc\nLindsay Mair / Jo Turner\n\n\n\n\n\nTel: 020 7492 4777\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exch...