Business
Cancellation of Options
Cancellation of Options.
About this update from Ukrproduct Group Ltd
[{"type":"text","content":"\n RNS Number : 3383C Ukrproduct Group Ltd 29 August 2008 \n \nAugust 29, 2008 \n\n\n\nCANCELLATION OF OPTIONS\n\nKiev, Ukraine - August 29, 2008 - Ukrproduct Group ('Ukrproduct' or the 'Group') (AIM: UKR), a leading producer and distributor of branded dairy products in Ukraine, today announced that David Lattimore, who previously served as Non-Executive Director, has relinquished 130,290 share options in exchange for the agreed compensation. These share options have been cancelled.\n\nFurthermore, 234,299 share options that were previously granted to Iryna Yevets, former Chief Executive Officer, have lapsed and ceased to be exercisable.\n\n\n***\n\nFor further information, please visit www.ukrproduct.com or contact: \n\n\n\n\nUkrproduct Group Ltd.\nSergey Evlanchik\nChief Executive Officer \nTel: +38 044 502 8014\[email protected]\nWH Ireland Limited\nDavid Youngman\nTel: +44 161 832 2174\n\n\nShared Value Limited\nLarisa Kogut-Millings\nInvestor Relations\nTel. +44 (0) 20 7321 5010\[email protected]\n\n\n\n\n\n\nUkrproduct Group Ltd is a leading Ukrainian producer and distributor of branded dairy products. The Group's product portfolio includes processed and hard cheese, skimmed milk powder (SMP) and butter. Ukrproduct has built a range of recognisable product brands, well known and highly regarded by consumers ('Our Dairyman', 'People's Product', 'Creamy Valley', Molendam', 'Farmer's'). The Group has modern production facilities that comprise four dairy plants in western and central regions of Ukraine (Molochnik, Starokonstantinovskiy Dairy Plant, Zhmerinka Plant and Letichiv Dairy Plant) with a total annual integrated capacity of approximately 70,000 tons of dairy products. Ukrproduct has one of the largest logistics and distribution networks which covers eight major cities of Ukraine with its own fleet of 266 vehicles. The Group reported total assets of approximately GBP 23.7 million as at December 31, 2007 and consolidated revenues of approximately GBP 48.1 million for the full year of 2007. ...