PERFORMANCE SHARE OPTION PLAN
24th October 2007
On 23 October 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||No of ordinary shares over which options granted||% of current issued Ordinary Share Capital||Total No of options over Ordinary Shares|
These options will normally be exercisable from 23 October 2010 subject to continued employment and the extent to which performance conditions have been met.