New Incentive Option Scheme (7802D)

TIDMRGD

RNS Number : 7802D

Real Good Food Company Plc (The)

29 March 2011

The Real Good Food Company plc (AIM: RGD)

New Incentive Option Scheme

The Real Good Food Company plc ("the Group"), owns the largest independent non-refining distributor of sugar in Europe (Napier Brown) and is a supplier of bakery ingredients (Renshaw) and a manufacturer of sweet bakery products (Haydens) for a range of major retail customers.

The board of directors of the Real Good Food Company plc announces that it has put in place a new incentive option scheme (the "Scheme") for the Group's Executive Chairman, Pieter Totte.

Since Pieter took on the role of Executive Chairman in November 2009, shareholders have seen the share price increase more than seven fold and the board recognises that Pieter's vision and executive drive will continue to be a major factor in both the performance of the Group and the further enhancement of shareholder value going forward.

Under the Scheme, Pieter has been granted share options over 3,817,726 ordinary shares, equivalent to 5% of the enlarged fully diluted share capital of the Group. All of the Options are exercisable at 25p, but will vest in tranches and only once the mid market price of the Group's ordinary shares has remained consistently above a set target price for a 30 day period:

 
 (as % of Option Pool)   Vesting target 
                          price 
 40%                     GBP1.00 
 20%                     GBP1.50 
 20%                     GBP2.00 
 20%                     GBP2.50

Once the Options have vested they may be exercised at any time within a period of five years from the date of vesting.

29 March 2011

ENQUIRIES:

 
 The Real Good Food Company plc           Tel: 0151 706 8200 
 Pieter Totte, Chairman 
 Mike McDonough, Group Finance Director 
 
 Shore Capital                            Tel: 020 7408 4090 
 Stephane Auton 
 
 College Hill                             Tel: 020 7457 2020 
 Gareth David

This information is provided by RNS

The company news service from the London Stock Exchange

END

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