Business
Replacement:Notification of D
Replacement:Notification of D.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n RNS Number : 9810E Focus Solutions Group PLC 02 October 2008 \n \nThis announcement replaces RNS number: 8845E released earlier today.\n\n\n\n\n\nPress Release \n\n\n2 October 2008\n\n\n\n\n\nFocus Solutions Group plc\n\n(\"Focus\" or the \"Group\")\n\nNotification of Director Shareholdings\n\nIssue of Options\n\nAt a Board Meeting held on 30th September 2008, approval was given for the granting of the following options to directors:\n\nFrank Murray (Chief Technology Officer) - 243,440 Ordinary Shares under the EMI scheme and 383,838 under the Long Term Incentive Plan.\n\nMartin Clements (Finance Director) - 371,043 Ordinary Shares under the EMI scheme and 404,040 under the Long Term Incentive Plan.\n\nRichard Stevenson (Chief Executive) - 393,443 Ordinary Shares under the EMI scheme and 1,156,116 under the Long Term Incentive Plan.\n\nThe options issued to Frank Murray and Martin Clements under the EMI scheme were granted at 30.5 pence per share. The options issued to Richard Stevenson under the EMI scheme and the options issued under the Long term Incentive Plan were granted at nil pence per share. \n\nThe options may be exercised between three and ten years after the date of the grant and are subject to a stringent performance conditions.\n\nThe options issued under the EMI schemes can only be exercised in full if the share price of Focus Solutions exceeds 60 pence per share averaged over any 90 day period falling between grant and to 30th September 2011. The entire option lapses if the share price of Focus Solutions does not exceed 60 pence per share averaged over a 90 day period falling between grant and 30th September 2011.\n\nThe options issued under the Long Term Incentive Plan can only be exercised in full if the share price of Focus Solutions exceeds 170 pence per share averaged over a 30 day period prior to 30th September 2011. The entire option lapses if the share price of Focus Solutions does not exceed 60 pence per share averaged over a 30 day period prior to 30th September 2011. At 60 pence, 50% of the option is exercisable, with 75% exercisable at 115 pence and 100% at 170 pence.\n\nThe option grants follow the cancellation of 1,500,622 options granted to Richard Ste...