Director Shareholding
01 Mai 2003 - 7:42PM
UK Regulatory
RNS Number:6555K
Screen PLC
01 May 2003
Screen plc ("Screen" or "the Company")
Grant of Share Options to Directors
Screen , a leading provider of advanced security and communication systems
focused on homeland security, announces that on 22 April 2003, the Company
granted, in aggregate, options over 4,265,104 ordinary shares in the Company to
Directors of the Company as described below:
Name of Director Number Option scheme Exercise price Exercise period
Adrian Merryman 1,264,516 Enterprise 7.75 pence 22/4/2006 to
Management 21/4/2013
Incentive
scheme
Adrian Merryman 1,201,491 Unapproved 7.75 pence 22/4/2006 to
scheme 21/4/2013
Dr Geoffrey 616,502 Enterprise 7.75 pence 22/4/2006 to
Carswell Management 21/4/2013
Incentive
scheme
Ian Taylor 533,548 Option 7.75 pence 22/4/2006 to
Agreement 21/4/2013
Timothy Sulivan 215,499 Option 7.75 pence 22/4/2006 to
Agreement 21/4/2013
Timothy Wightman 433,548 Option 7.75 pence 22/4/2006 to
Agreement 21/4/2013
Exercise of the options granted is conditional on the Company achieving certain
financial targets.
In addition, further share options were granted on the same day to other key
employees under the Enterprise Management Incentive scheme, over a total of
508,251 ordinary shares at an exercise price of 7.75 pence.
Following these grants the Company has a total of 5,324,433 ordinary shares
under option, which represents 9.45 per cent of the Company's existing issued
ordinary share capital.
1 May 2003
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSUAOBROBRVRAR