Business
Grant of Options
Grant of Options.
About this update from Crimson Tide Plc
[{"type":"text","content":"\n RNS Number : 5561L Crimson Tide PLC 07 May 2010 \n \n\nCrimson Tide plc\n \n7 May 2010\n \nGrant of Options\n \nCrimson Tide plc (\"Crimson Tide\" or the \"Company\") announces that options over a total of 20 million new ordinary shares of 1p each in the Company (\"Shares\") have been granted to employees, including 7.5 million to the executive Directors, at an exercise price of 1.25 pence per share, being the average closing offer price of a Crimson Tide share for the 5 business days preceding the date of this announcement. The options may be exercised between the second and tenth anniversary of the date of grant provided the target share price is achieved, being a bid price of 2.5p in the preceding five business days.\n \nFollowing the grant of options, the executive Directors' resultant holdings of options and of Shares is as follows: -\n \n\n\n\n\nDirector\n\n\nNo. of options\n\n\nNo. of Shares\n\n\n% of issued share capital\n\n\n\n\nB. R. J. Whipp\n\n\n2,500,000\n\n\n115,610,132\n\n\n34.7\n\n\n\n\nS. K. Goodwin*\n\n\n7,500,000\n\n\n25,611,484\n\n\n7.7\n\n\n\n\nJ. W. F. Roth\n\n\n4,500,000\n\n\n30,131,159\n\n\n9.0\n\n\n\n\n \n* Mr. Goodwin also has an interest as a trustee in 1,650,000 Shares. Mr Goodwin also has an interest as a trustee in an option to purchase up to 12,307,692 Shares issued in association with a borrowing facility secured by the Group on 5 August 2008 and which was renewed earlier this year and extended to 5 August 2011. \n \nEnquiries: -\n \n\n\n\n\nCrimson Tide plc\nBarrie Whipp, Executive Chairman\nStephen Goodwin, Chief Executive\n\n\n01892 542444\n\n\n\n\n\n\n\n\n\n\n\n\nArbuthnot Securities Limited\nTom Griffiths / Ed Groome\n\n\n020 7012 2000\n\n\n\n\n \nEND\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RDSKKODQNBKDCPK \n ","length":4877,"tagName":"div"}]