Grant of Options
03 Novembre 2008 - 3:16PM
UK Regulatory
RNS Number : 3046H
Clipper Ventures PLC
03 November 2008
Clipper Ventures PLC
3 November 2008
Clipper Ventures PLC
('Clipper Ventures' or the 'Company')
Grant of Options
Clipper Ventures today announces that on 21 October 2008 it granted options to the board of Directors to acquire an aggregate of
1,750,000 ordinary shares of 1p each at an exercise price of 8.75p.
The options have been granted to the following directors:
William Ward 400,000
Sir Robin Knox-Johnston 400,000
David Stubley 250,000
Jeremy Knight 150,000
Bob Dench 550,000
The options are granted for nil consideration under the Clipper Ventures Share Option Scheme and are exercisable between the third and
tenth anniversary of the grant date. In order to be exercised the Company's growth in earnings per share must be equal to or exceed the RPI
plus 6% during the period commencing no earlier than the current financial year.
These options represent all the options held by the directors. Jeremy Knight's existing options to acquire 80,000 ordinary shares of 1p
each at an exercise price of 32.5p per share, which had been previously been granted under the Clipper Ventures Share Option Scheme, have
been cancelled.
For further information please contact:
Clipper Ventures PLC
William Ward, Chief Executive Tel: +44 (0)239 252 6000
Jeremy Knight, Finance Director www.clipper-ventures.com
HB Corporate
Luke Cairns/ Edward Cozens Tel: +44 (0)207 510 8600
www.hbcorporate.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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