Director Shareholding
02 Décembre 2004 - 3:08PM
UK Regulatory
RNS Number:9445F
South Staffordshire Plc
02 December 2004
Exercise of Options under the Executive Share Option Plan
Following the offer by AquaInvest Acquisitions Limited for the Company becoming
unconditional, and as set out in the circular to shareholders dated 27 October
2004, awards and options granted under the South Staffordshire 2004 Long Term
Incentive Plan and the South Staffordshire 2004 Discretionary Share Option Plan
are exercisable in full.
Exercise of Options under the Executive Share Option Plan
The following options have been exercised in respect of ordinary shares of 42.5p
each and shares have today been allotted:
Number of Shares Option Price
over which Option
Granted
Adrian P Page 32,400 #7.515
John Carnell 10,000 #7.515
John H Catling 4,000 #7.515
This represents the above Directors total holding under the Executive Share
Option Scheme.
It is also announced that the Directors have accepted the terms of the Offer by
AquaInvest in respect of the above shares.
Vesting of Awards under the Long Term Incentive Plan
It is announced that the South Staffordshire Employee Benefit Trust which holds
shares for the benefit of employees, including Directors, has today transferred
shares to the following Directors under the rules of the Long Term Incentive
Plan:
Number of Shares
over which Option
Granted
Adrian Page 13,292
Jack Carnell 12,270
John Catling 12,270
This represents the above Directors total holding under the Long Term Incentive
Plan.
As a result of these transactions and transfers to other employees under the
plan, the Employee Benefit Trust has disposed of all its 69,441 shares in the
Company.
It is also announced that the Directors have accepted the terms of the Offer by
AquaInvest in respect of the above shares.
2 December 2004
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSGGMGZDZRGDZM
Sth. Staff. (LSE:SSW)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Sth. Staff. (LSE:SSW)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Sth. Staff. (London Stock Exchange): 0 recent articles
Plus d'articles sur South Staffs Plc