Grant of Options
25th June 2014
25 June 2014 – Cello announces a series of annual awards under various option schemes as follows:Under the Cello Group plc HM Revenue and Customs Approved Share Option Plan 2009 (“The Approved Plan”) and under the Cello Group plc Unapproved Share Option Plan 2010 (“The Unapproved Plan”) options were granted on 24 June 2014 entitling certain employees to acquire a total of 496,607 ordinary shares of 10 pence each (“Ordinary Share”) at an exercise price of 85.5 pence per Ordinary Share.Under the Performance Share Plan 2010 (“PSP”), options were also granted entitling certain directors and employees to acquire a total of 461,000 Ordinary Shares at an exercise price of 10 pence per Ordinary Share.
The following directors were awarded options under the PSP on 24 June 2014
|Name||Number of options||% of share capital||Cumulative number of outstanding PSP options||% of issued share capital|
All these options will normally be exercisable from 24 June 2017 subject to continued employment and the extent to which performance conditions have been met.