Business
Issue of Share Options
Issue of Share Options.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n RNS Number : 9890J Sarantel Group PLC 11 December 2008 \n \n11 December 2008\n\n\nSarantel Group plc\n('Sarantel' or the 'Company')\n\nIssue of share options\n\nThe Company announces that it has today granted 4,950,000 contingent rights to receive shares and options over 1,700,000 ordinary shares to directors of the Company as set out below:\n\n\n\n\n\nDirector\n\n\nNumber \n\n\nExercise price\n\n\nScheme\n\n\n\n\n\nDavid Wither\n\n\n\n3,200,000\n\n\n\n1p\n\n\n\nLTIP\n\n\n\n\nOliver Leisten\n\n\n1,750,000\n\n\n1p\n\n\nLTIP\n\n\n\n\nSitkow Yeung\n\n\n1,700,000\n\n\n3p\n\n\nEMI\n\n\n\n\n\nThe contingent rights to receive shares have been granted under the Company's Long Term Incentive Plan ('LTIP') and the options have been granted under the Company's Enterprise Management Incentive ('EMI') Scheme. Both the options and the contingent rights may be exercised as to one third after 12 months, a further third after two years and the final third after three years from grant and the options shall expire after 10 years from grant. \n\nFollowing these grants the directors' option and contingent rights holdings will be:\n\n\n\n\n\n\n\n\nNo. of options\n\n\nExercise price\n\n\n\nExercise period\n\n\n\n\nDavid Wither\n\n\n833,333\n515,146\n711,739\n250,000\n3,400,000\n313,333\n3,200,000\n\n\n\n7p\n7p\n7p\n7p\n4.75p\n3p\n1p\n\n\n4 August 2004 to 3 August 2014\n4 August 2004 to 3 August 2014\n5 August 2004 to 4 August 2014\n1 March 2006 to 28 February 2016\n28 April 2008 to 27 April 2018\n18 August 2011 to 17 February 2012\n11 December 2008 to 10 December 2018\n\n\n\n\nOliver Leisten\n\n\n5,675\n369,500\n833,325\n75,351\n150,000\n2,100,000\n1,750,000\n\n\n7p\n7p\n7p\n7p\n7p\n4.75p\n1p\n\n\n26 February 2003 to 25 February 2013\n26 February 2003 to 25 February 2013\n4 August 2004 to 3 August 2014\n5 August 2004 to 4 August 2014\n1 March 2006 to 28 February 2016\n28 April 2008 to 27 April 2018\n11 December 2008 to 10 December 2018\n\n\n\n\n\nSitkow Yeung\n\n\n150,000\n75,000\n75,000\n75,000\n575,000\n1,700,000\n\n\n7p\n7p\n7p\n7p\n4.75p\n3p\n\n\n4 August 2004 to 3 August 2014\n4 August 2004 to 3 August 2014\n8 February 2006 to 7 February 2016\n 1 March 2006 to 28 February 2016\n28 April 2008 to ...