Business
Grant of Options
Grant of Options.
About this update from Fih Group Plc
[{"type":"text","content":"\n RNS Number : 7099V Falkland Islands Holdings PLC 15 July 2009 \n \n15 July 2009\n\n\n\nFalkland Islands Holdings plc\n\nGrant of Options\nUnapproved Option Scheme\nFalkland Islands Holdings plc ('the Company') announces that on 15 July 2009, David Hudd, Chairman and John Foster, Managing Director were each granted options (the 'Options') over 44,550 ordinary shares of 10p each in the Company ('Ordinary Shares') at an exercise price of 290p per Ordinary Share under the terms of Part B of the Company's 2009 Executive Share Option Scheme.\nThe Options may be exercised between 15 July 2012 and 15 July 2019 subject to the satisfaction of performance criteria relating to the growth in the Company's total shareholder return ('TSR') over the three year period commencing on 15 July 2009 (the 'Performance Period') relative to the TSR growth of all companies in the FTSE AIM All-Share Index (the 'Index') over the same period (the 'TSR Condition').\nThe TSR Condition provides for the Options to become exercisable as follows:\n\n\n\n\nPercentage by which the Company's TSR growth exceeds the Index's TSR growth during the Performance Period\n\n\nPercentage of Option shares which become exercisable\n\n\n\n\n20% or more\n\n\n100%\n\n\n\n\n10%\n\n\n10%\n\n\n\n\nLess than 10%\n\n\n0%\n\n\n\n\nMore than 10% but less than 20%\n\n\nBetween 10% and 100% on a straight line basis\n\n\n\n\n\nInterests in Shares\nMr Hudd is the registered holder of 56,000 Ordinary Shares (representing 0.062% of the issued share capital of the Company). \nIn addition to the above Option, Mr Hudd also holds the following exercisable options over Ordinary Shares:\n\n\n\n\nOrdinary Shares under option\n\n\nExercise price per Ordinary Share\n\n\nExpiry Date\n\n\n\n\n81,300\n\n\n£1.845\n\n\n14 August 2012\n\n\n\n\n49,411\n\n\n£4.25\n\n\n12 July 2016\n\n\n\n\n3,780\n\n\n£2.50\n\n\n4 July 2017\n\n\n\n\n\nMr Foster is the registered holder of 10,000 Ordinary Shares (representing 0.11% of the issued share capital of the Company). \nIn addition to the above Option, Mr Foster also holds the following exercisable options over Ordinary Shares:\n\n\n\n\nOrdinary Shares under option\n\n\nExercise price per Ordinary Share\n\n\nExpiry Date\n\n\n\n\n57,692\n\n\n£5.20\n\n\n9 February 2015\n\n\n\n\n14,117\n\n\n£4.25\n\n\n13 June 2015\n\n\n\n\n3,780\n\n\n£2.5...