Grant and Exercise of Annual Options (2606A)
28 Marzo 2012 - 12:48PM
UK Regulatory
TIDMISH
RNS Number : 2606A
Ishaan Real Estate PLC
28 March 2012
ISHAAN REAL ESTATE PLC
Grant and Exercise of Annual Options
Ishaan Real Estate plc ("the Company"), announces that at a
Board meeting on 28 March 2012, the Company approved a grant of
options over 70,633 ordinary shares of 1 pence each in the capital
of the Company ("Ordinary Shares"), to Ian Henderson in accordance
with his letter of appointment as Chairman of the Company dated 7
November 2009. At that same Board meeting, the Company also
approved a grant of options over 52,975 Ordinary Shares to Vittorio
Radice in accordance with his letter of appointment as
non-executive Director of the Company dated 7 November 2009
(together, the "Annual Options").
The Annual Options, which are being granted to Ian Henderson and
Vittorio Radice in lieu of salary, have an exercise price of 1
pence per Ordinary Share and will be exercised immediately.
Following the exercise of the Annual Options, Ian Henderson will
have an interest in 796,288 Ordinary Shares and Vittorio Radice
will have an interest in 500,155 Ordinary Shares.
An application has been made to the London Stock Exchange for
the 123,608 Ordinary Shares, which will rank pari passu with
existing Ordinary Shares, to be admitted to trading on AIM. It is
expected that these new Ordinary Shares will be admitted to trading
on 3 April 2012.
Following the admission to AIM of the new Ordinary Shares, the
Company will have 145,854,133 Ordinary Shares with voting rights in
issue.
28 March 2012
For further information please contact:
College Hill +44 (0)20 7457 2020
Mark Garaway
Mike Davies
Deutsche Bank AG, London (NOMAD) Tel: +44 (0)20 7545 8000
Ben Lawrence
This information is provided by RNS
The company news service from the London Stock Exchange
END
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