Business
Grant of options
Grant of options.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n Conygar Investment Company PLC(The)\n23 February 2007\n\n\n\n23 February 2007\n\n\n\n THE CONYGAR INVESTMENT COMPANY PLC\n\n GRANT OF OPTIONS\n\n\nFurther to the announcement on 29 January 2007 by the board of The Conygar\nInvestment Company PLC ('Conygar' or the 'Company') regarding the placing of\n20,498,500 new ordinary shares of 5 pence each in the Company at a price of 200\npence per share, the Remuneration Committee of Conygar granted, on 19 February\n2007, an additional 3,220,000 options over ordinary shares in the capital of the\nCompany to the executive directors of the Company as follows:\n\n\n1. Options over 2,025,000 ordinary shares have been granted to Robert Ware, \n Chief Executive of the Company, at a price of 200 pence per share. The \n options are exercisable from 19 February 2009 and will lapse on 19 February\n 2017. Mr. Ware now holds a total of 3,300,000 shares under option.\n\n\n2. Options over 550,000 ordinary shares have been granted to Peter Batchelor, \n Finance Director, at a price of 200 pence per ordinary share.\n The options are exercisable from 19 February 2009 and will lapse on 19 \n February 2017. Mr. Batchelor now holds a total of 1,350,000 shares under \n option.\n\n\n3. Options over 645,000 ordinary shares have been granted to Steven Vaughan, \n Property Director, at a price of 200 pence per ordinary share. The options \n are exercisable from 19 February 2009 and will lapse on 19 February 2017. Mr. \n Vaughan now holds a total of 1,350,000 shares under option.\n\n\nThe options have been granted pursuant to the rules of The Conygar Investment\nCompany Share Option Plan and will be subject to performance criteria which will\nrequire the annual percentage growth in the Company share price to exceed that\nof the FTSE Small Cap Index.\n\n\nFor further information please contact:\n\n\nThe Conygar Investment Company PLC\n\n\nRobert Ware 020 7408 2322\nPeter Batchelor 020 7408 2322\n\n\nThe directors of Conygar accept responsibility for the information contained in\nthis announcement. To the best of the knowledge and belief of the directors of\nConygar (who have taken all reasonable care to ensure that such is the case) the\ninformation contained in this announcement is in accordance with the facts and\ndoes not omit anything likely to affect the import of such information.\n\n\n This information i...