Business
Grant of Options
Grant of Options.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n Focus Solutions Group PLC\n12 July 2007\n\n\nThis announcement replaces RNS Number 7635Z released on 6 July 2007. The \noriginal announcement incorrectly stated that \"the entire option lapses if the \nshare price of Focus Solutions is below 89 pence per share averaged over a 30 \nday period prior to 28th June 2008\" and should have read \"prior to 28th June \n2010\".\n\n Focus Solutions Group plc (\"Focus Solutions\" or the \"Company\")\n \n Notification of Director Shareholdings\n \n Issue of Options\n \nAt a Board Meeting on 5 July 2007, approval was given for the granting of the \nfollowing options under the Focus Solutions Group plc 2007 Long term Incentive \nplan to directors:\n\nRichard Stevenson (Chief Executive) - 606,060 Ordinary Shares under the \nUnapproved scheme, exercisable at nil pence per share.\n\nFrank Murray (Chief Technology Officer) - 383,838 Ordinary Shares under \nUnapproved scheme, exercisable at nil pence per share.\n\nMartin Clements (Finance Director) - 404,040 Ordinary Shares under the \nUnapproved scheme, exercisable at nil pence per share.\n\nThe options may be exercised between three and ten years after the date of the \ngrant.\n\nThe options are subject to a stringent performance condition. The options can \nonly be exercised in full if the share price of Focus Solutions exceeds 171 \npence per share averaged over a 30 day period prior to 28th June 2010. The \nentire option lapses if the share price of Focus Solutions is below 89 pence per\nshare averaged over a 30 day period prior to 28th June 2010. At 89 pence, 10% of\nthe option is exercisable, with further options exercisable on a straight line \nbasis up to the maximum at 171 pence.\n\nFollowing the grant of the options, Richard Stevenson holds options over \n1,751,754 Ordinary Shares, Frank Murray holds total options over 813,473 \nOrdinary Shares and Martin Clements holds total options over 833,675 Ordinary \nShares.\n\n\nEnquiries:\n\nFocus Solutions Group plc\n\n01926 468300\nMartin Clements, Finance Director\n\nSeymour Pierce Limited\n\n0207 107 8000\nMark Percy\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":2352,"tagName":"div"}]