Business
Share Options
Share Options.
About this update from Roebuck Food Group Plc
[{"type":"text","content":"\n Norish PLC\n16 April 2008\n\n\n\n Norish plc ('Norish' or the 'Company')\n\n 16 April 2008\n\n Cancelling and Granting of Share Options\n\n\nNorish announces that share options currently granted to Norman Hatcliff and\nAidan Hughes under the Company Share Option Scheme are to be cancelled and\nre-granted in order to comply with the Enterprise Management Incentive (EMI)\nScheme. Under the EMI scheme options over shares in a qualifying company that\nare granted at market value to qualifying employees may be exercised free from\nincome tax and national insurance contributions subject to the terms of the\nscheme rules being met.\n\nNorman Hatcliff, Managing Director of Norish, has on 16 April 2008 cancelled\n140,000 share options of nominal value €0.25 each at an exercise price of 58\npence per share under the Company Share Option Scheme. Norman Hatcliff will be\nissued with 140,000 share options in the next few days, subject to confirmation\nfrom HMRC, under the tax efficient EMI Scheme. The 140,000 shares options of\nnominal value €0.25 each will be issued at an exercise price of 58 pence per\nshare exercisable between the third anniversary of the date of grant and the\ntenth anniversary of the date of grant.\n\nNorman Hatcliffs' shareholding stands at 10,000 ordinary shares of €0.25 each,\nrepresenting approximately 0.12% of the issued share capital of Norish and he\nwill be the beneficial owner of 148,000 share options.\n\nAidan Hughes, Finance Director and Company Secretary of Norish, has on 16 April\n2008 cancelled 110,000 share options of nominal value €0.25 each at an exercise\nprice of 58 pence per share under the Company Share Option Scheme. Aidan Hughes\nwill be issued with 110,000 share options in the next few days, subject to\nconfirmation from HMRC, under the tax efficient EMI Scheme. The 110,000 share\noptions of nominal value €0.25 each will be issued at an exercise price of 58\npence per share exercisable between the third anniversary of the date of grant\nand the tenth anniversary of the date of grant.\n\nAidan Hughes shareholding stands at 193,340 ordinary shares of €0.25 each,\nrepresenting approximately 2.28% of the issued share capital of Norish and he\nwill be the beneficial owner of 118,000 share options.\n\n\n\nEnquiries:\n\nNorish\nAidan Hughes, Finance Director and Company Secretary Telephon...