18th March 2008
On 18 March 2008 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:
Kevin Steeds
Number of Ordinary Shares over which options granted = 125,000
% of current issued Ordinary Share capital = 0.32%
Total number of options over Ordinary Shares = 1,001,489
Mark Scott
Number of Ordinary Shares over which options granted = 125,000
% of current issued Ordinary Share capital = 0.32%
Total number of options over Ordinary Shares = 1,001,489
Mark Bentley
Number of Ordinary Shares over which options granted = 125,000
% of current issued Ordinary Share capital = 0.32%
Total number of options over Ordinary Shares = 511,883
In addition a further 595,000 options over Ordinary Shares (1.53 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 18 March 2011 subject to continued employment and the extent to which performance conditions have been met.