ADIL Adili

    RNS Number : 6720H
  Adili PLC
  07 November 2008
   

    ADIL


    ADILI PLC
     ("Adili" or "the Company")

    Issue of options
    Adili, the online retailer of ethical fashion, announces that on 6 November 2008, the Company approved the granting of options over new
ordinary shares of 1p each ("Ordinary Shares") to certain directors and members of staff. Details of the options being are set out below. 
    Nicholas Samuel, Non-executive Chairman, has been granted options over 545,455 Ordinary Shares at an exercise price of 5.5p per share,
exercisable at any time up to 6 November 2018. If these options have not been fully exercised by 28 February 2009, the Company may require
exercise of any outstanding options at any time thereafter by giving 14 days notice to the option holder. In addition, he has been granted a
further 454,545 options at an exercise price of 5.0p per share. These options are exercisable in respect of 12,626 Ordinary Shares on the
first day of each month in the period commencing 1 November 2008 and ending 30 September 2011 and shall become fully exercisable on 1
October 2011. As a result, Mr Samuel now holds a total of 1,000,000 options and 57,545 Ordinary Shares.
    Christopher Powles, Finance Director, has been granted options over 545,455 Ordinary Shares at an exercise price of 5.5p per share,
exercisable at any time up to 6 November 2018. In addition, Mr Powles holds 105,000 options at an exercise price of 15p per share, capable
of immediate exercise. As a result, Mr Powles now holds a total of 650,455 options and 1,290,000 Ordinary Shares.
    Simongnette Scavazza, Creative Director, has been granted options over 254,866 Ordinary Shares at an exercise price of 5.0p per share.
These options may be exercised between 6 November 2011 and 6 November 2018. In addition, Ms Scavazza holds 390,000 options at an exercise
price of 15p per share, capable of immediate exercise in respect of 227,493 Ordinary Shares with the balance vesting at the rate of 10,833
Ordinary Shares per month from the date of this announcement until February 2010. As a result, Ms Scavazza now holds a total of 644,866
options and 335,000 Ordinary Shares.
    An additional 1,205,960 options have been granted to other employees of the Company at an exercise price of 5p per share which may be
exercised between 6 November 2011 and 6 November 2018. 
    The above options granted on 6 November 2008 represent 9.37 per cent. of the current issued capital and 6.85 per cent. of the enlarged
issued share capital following the conversion of the secured convertible loan announced on 5 November 2008. 
    For further information, please contact:
 Adili plc                      Chris Powles, Finance         T: 01258 837 437
                                Director

 John East & Partners Limited   David Worlidge/Bidhi Bhoma    T: 020 7628 2200

 Biddicks                       Katie Tzouliadis/Sophie Lane  T: 020 7448 1000




This information is provided by RNS
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