Focus Solutions Group PLC
12 July 2007
This announcement replaces RNS Number 7635Z released on 6 July 2007. The
original announcement incorrectly stated that "the entire option lapses if the
share price of Focus Solutions is below 89 pence per share averaged over a 30
day period prior to 28th June 2008" and should have read "prior to 28th June
2010".
Focus Solutions Group plc ("Focus Solutions" or the "Company")
Notification of Director Shareholdings
Issue of Options
At a Board Meeting on 5 July 2007, approval was given for the granting of the
following options under the Focus Solutions Group plc 2007 Long term Incentive
plan to directors:
Richard Stevenson (Chief Executive) - 606,060 Ordinary Shares under the
Unapproved scheme, exercisable at nil pence per share.
Frank Murray (Chief Technology Officer) - 383,838 Ordinary Shares under
Unapproved scheme, exercisable at nil pence per share.
Martin Clements (Finance Director) - 404,040 Ordinary Shares under the
Unapproved scheme, exercisable at nil pence per share.
The options may be exercised between three and ten years after the date of the
grant.
The options are subject to a stringent performance condition. The options can
only be exercised in full if the share price of Focus Solutions exceeds 171
pence per share averaged over a 30 day period prior to 28th June 2010. The
entire option lapses if the share price of Focus Solutions is below 89 pence per
share averaged over a 30 day period prior to 28th June 2010. At 89 pence, 10% of
the option is exercisable, with further options exercisable on a straight line
basis up to the maximum at 171 pence.
Following the grant of the options, Richard Stevenson holds options over
1,751,754 Ordinary Shares, Frank Murray holds total options over 813,473
Ordinary Shares and Martin Clements holds total options over 833,675 Ordinary
Shares.
Enquiries:
Focus Solutions Group plc
01926 468300
Martin Clements, Finance Director
Seymour Pierce Limited
0207 107 8000
Mark Percy
This information is provided by RNS
The company news service from the London Stock Exchange