Grant of Options
28 Décembre 2007 - 2:20PM
UK Regulatory
RNS Number:7616K
Vividas Group plc
28 December 2007
28 December 2007
Vividas Group plc
('Vividas' or 'the Company')
Grant of Options
On 27 December 2007, Chief Executive Officer, Paul Neville and Group Finance
Director, Greg Minns were granted options to subscribe for ordinary shares of 1p
each in the capital of the Company (the "Shares") at an exercise price of 35.0p,
being the average mid-market closing price for the prior three business days.
Details of the options that have been granted to each Director are as follows:
Director Number of provisional Date from which Expiry Date
shares awarded exercisable
Paul Neville 500,000 27 December, 2010 27 December, 2017
500,000 27 December, 2011 27 December, 2017
Greg Minns 453,500 27 December, 2010 27 December, 2017
453,500 27 December, 2011 27 December, 2017
The exercise of options granted is subject to the attainment of certain
performance conditions to be established by the Remuneration Committee. In
accepting the grant of options, Paul Neville waives his right to options over
390,000 Shares, previously granted in March 2006 and March 2007, and Greg Minns
waives his right to options over 350,000 Shares, previously granted in March
2007. Paul Neville retains his options over 210,000 Shares granted in October
2006.
As a result of the above grant of options, Paul Neville holds a total of
1,210,000 Shares under option and Greg Minns holds a total of 907,000 Shares
under option.
Enquiries:
Vividas Group plc
Paul Neville, Group CEO / Greg Minns, Group FD Tel: +44 (0) 20 7189 5532
pneville@vividas.com www.vividas.com
gminns@vividas.com
HB Corporate
Jim McGeever / Rachel Kane Tel: +44 (0) 20 7510 8600
Biddicks Tel: + 44 (0) 20 7448 100
Katie Tzouliadis / Sophie Lane
This information is provided by RNS
The company news service from the London Stock Exchange
END
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