Business
Exercise of Options Replaceme
Exercise of Options Replaceme.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n RNS Number : 7132R Dillistone Group PLC 05 May 2009 \n \n5 May 2009\n\nDillistone Group Plc\n\n('Dillistone' or the 'Company')\n \nThis announcement replaces RNS 7018R released today at 15:06.\n\nExercise of Options\n\nDillistone, the AIM quoted supplier of recruitment software, announces that application has been made for the admission of 259,518 new ordinary shares of 5 pence each in the share capital of Dillistone ('Ordinary Shares') to trading on AIM following the exercise, on 5 May 2009 by 23 employees, of share options granted on 3 May 2006 under the Company's share option schemes ('Share Options'). The exercise price of the Share Options was 16.154 pence per Ordinary Share.\n\nThese new Ordinary Shares will rank pari passu with all existing Ordinary Shares and it is expected that dealing in the new Ordinary Shares will commence on 11 May 2009.\n37,143 of the Share Options exercised were exercised by Alexander James, Projects Director of Dillistone. Following this option exercise Alexander James is now beneficially interested in 40,498 Ordinary Shares which represents approximately 0.72 per cent. of the enlarged issued share capital of the Company following the exercise of the Share Options ('Enlarged Share Capital').\nIn addition, Dillistone was notified today that Mike Love, Non-Executive Director of Dillistone and Executive Directors Jason Starr, Jim McLaughlin and Rory Howard all purchased Ordinary Shares on 5 May 2009 at 130 pence per Ordinary Share as set out in the table below:- \n\n\n\n\n\nDirector\n\n\nNumber of Ordinary Shares purchased\n\n\nOrdinary Shares held prior to purchase\n\n\nOrdinary Shares held following purchase\n\n\n\n\n \n\n\n \n\n\nNumber\n\n\n% of existing issued share capital\n\n\nNumber\n\n\n% of Enlarged Share Capital\n\n\n\n\nMike Love\n\n\n19,231\n\n\nnil\n\n\nnil\n\n\n19,231\n\n\n0.34 %\n\n\n\n\nJason Starr\n\n\n12,350\n\n\n1,172,461\n\n\n21.71%\n\n\n1,184,811\n\n\n20.93 %\n\n\n\n\nJim McLaughlin\n\n\n12,350\n\n\n1,000,000\n\n\n18.52%\n\n\n1,012,350\n\n\n17.89 %\n\n\n\n\nRory Howard\n\n\n12,350\n\n\n1,162,461\n\n\n21.53%\n\n\n1,174,811\n\n\n20.76 %\n\n\n\n\n\n\nFor the purposes of the Financial Services Authority's Disclosure and Transparen...