2nd April 2007
On 2 April 2007 executive directors of Cello were granted awards, as summarised below, of options entitling them to acquire ordinary shares of 10p (“Ordinary Shares”) at an exercise price of 10p per share under the Cello Group plc Performance Share Option Plan:
|Executive Director||Number of Ordinary Shares over which options granted||% of current issued Ordinary Share capital||Total number of options over Ordinary Shares|
In addition a further 1,190,000 options over Ordinary Shares (3.44 per cent of the current issued Ordinary Share capital) were granted to employees of Cello on the same date.
These options will normally be exercisable from 2 April 2011 subject to
continued employment and the extent to which performance conditions have been met.