Grant of Share Options
19 Mars 2008 - 10:55AM
UK Regulatory
RNS Number:4458Q
Infoserve Group PLC
19 March 2008
Infoserve Group PLC (the "Company")
Grant of Share Options
On 17 March 2008, the Company granted options over 145,000 ordinary shares of 5
pence each ("Ordinary Shares") to David Balbi, Finance and Commercial Director,
through the Infoserve Group plc Enterprise Management Incentive Scheme (the "
Share Options"). The Share Options are exercisable at nil consideration. The
issue of Ordinary Shares on the ultimate exercise of the Share Options will not
result in an increase in the Company's issued Ordinary Share capital as the
exercise will be satisfied by transfers of Ordinary Shares (the "Transfers")
from three of the Company's directors, Steve Barnes, Derek Oliver and David
Hood, as set out in the table below. The rest of the existing shareholders will
not therefore suffer any dilution to their holdings as a result of the exercise
of these Share Options by David Balbi.
The transfers of Ordinary Shares will be from the three directors as follows:
Director Existing Maximum number of Number of Ordinary Percentage
shareholding Ordinary Shares to be Shares following the shareholding
transferred Transfers following the
Transfers
Steve Barnes 1,709,081 19,836 1,689,245 8.86%
Derek Oliver 1,844,760 21,416 1,823,344 9.56%
David Hood 8,937,707 103,748 8,833,959 46.32%
Note that the Transfers shown in the above table will only take place when David
Balbi exercises the Share Options.
In addition to the Share Options, David Balbi also has options over 60,000
Ordinary Shares exercisable at 19.5 pence per share and options over 120,000
Ordinary Shares exercisable at 30 pence per share.
For further information, please contact:
Infoserve Group PLC
Steve Barnes, Chief Executive 0870 556 1001
WH Ireland Limited
Richard Lindley 0113 394 6628
This information is provided by RNS
The company news service from the London Stock Exchange
END
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