Business
Issue of options
Issue of options.
About this update from Norman Broadbent Plc
[{"type":"text","content":"\n \nRNS Number : 5305G Norman Broadbent PLC 13 May 2011 \n \n\nFor immediate release 13 May 2011\nNorman Broadbent plc\n(\"Norman Broadbent\" or \"the Company\")\n \nIssue of options\n \nNorman Broadbent plc, a leading provider of executive search and leadership consultancy services, announces that it has today issued 985,140 options over ordinary shares of 1p (\"Ordinary Shares\") to employees and certain members of the Board, being Sue O'Brien, Ben Felton and Janet Cameron.\n \nFurthermore, owing to the exercise price of a modest number of options previously issued to employees and members of the Board (at 168.9p per share) being significantly above the current share price, the Company has agreed to cancel the relevant options issued to them and to replace the cancelled options, by issuing 52,692 replacement options, bringing the total number of options issued to 1,037,832.\n \nThe options have been issued with an exercise price of 65.50p per Ordinary Share, being the closing middle-market price on 12 May 2011. The options will vest in three equal tranches on 13 May 2012, 13 May 2013 and 13 May 2014 and will be exercisable from those respective dates until 13 May 2021.\n \nAt the date of this announcement, including the options granted in accordance with this announcement, Sue O'Brien (Group Managing Director), Ben Felton (Chief Financial Officer) and Janet Cameron (Executive Director) have the following interests in Ordinary Shares:\n \n\n\n\n\n\n\n\nTotal number of Ordinary Shares held\n\n\nOrdinary Shares held under option\n\n\nExercise price of options\n\n\nWarrants over Ordinary Shares\n\n\nExercise price of warrants\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSue O'Brien\n\n\n43,177\n\n\n183,206\n\n\n6...