Business
Grant of options to a Director and employees
Grant of options to a Director and employees.
About this update from Coral Products Plc
[{"type":"text","content":"\n \nRNS Number : 6948J Coral Products PLC 13 September 2016 \n\nCoral Products plc\n(\"Coral or the \"Company\")\nGrant of options to a Director and employees\nCoral Products plc, a specialist in the design, manufacture and supply of injection moulded plastic products based in Haydock, Merseyside announces that Roberto Zandona, a Director of the Company, has been granted 1,156,069 options (\"EMI Options\") over ordinary shares of 1 pence each in the share capital of the Company (\"Ordinary Shares\") under the 2014 EMI Share Option Scheme and a further 843,931 options (\"Unapproved Options\") over Ordinary Shares under an Unapproved Scheme. \nIn addition, a further 550,000 EMI Options have been granted to 4 current senior management employees.\nThe EMI Options and Unapproved Options have an exercise price of 21.625 pence per ordinary share, being the closing mid-market price per ordinary share on 12 September 2016, and are exercisable between 13 September 2018 and 12 September 2026, after which they will lapse. \nFollowing the grant of the Options Roberto Zandona has the following options over Ordinary Shares:\n \n\n\n\n\nDirector\n\n\nOption Scheme\n\n\nNumber of options\n\n\nOption exercise price\n\n\nExpiry date\n\n\n\n\nRoberto Zandona\n\n\n2014 Employee Share Option Scheme\n \n\n\n1,156,069\n \n\n\n21.625p\n\n\n12 September 2026\n \n\n\n\n\n \n\n\nUnapproved Scheme\n\n\n843,931\n\n\n21.625p\n\n\n12 September 2026 \n\n\n\n\n \nFollowing the grant of these options, the total number of options to subscribe for new ordinary shares in the Company held by all Directors and employees is 4,100,000 representing 5% of the issued share capital of the Company.\n \nEnquiries:\n \n\n\n\n\nCoral Products plc\n\n\nTel: 07703 518 148\n\n\n\n\nJoe Grimmond, Chairman\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCairn Financial Advisers LLP\n\n\nTel: 020 7148 7900\n\n\n\n\nNominated Adviser\n\n\n \n\n\n\n\nTony Rawlinson / Liam Murray\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nDaniel Stewart & Company plc\n\n\nTel: 020 7776 6550\n\n\n\n\nBroker\n\n\n \n\n\n\n\nDavid Lawman\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCapital Markets Consultants Limited\n\n\nTel: 07515 587 184\n\n\n\n\nPR\n\n\n \n\n\n\...