Ashley House PLC Share Options (4591E)
November 04 2015 - 2:00AM
UK Regulatory
TIDMASH
RNS Number : 4591E
Ashley House PLC
04 November 2015
4 November 2015
Ashley House plc (the "Company")
Share Options
At the Company's AGM in October, shareholders voted to approve a
Management Incentive plan. Following this approval, the
Remuneration Committee of the Company has now formally completed
implementing the scheme.
Under the scheme, and with effect from 2 November 2015, the
Company has granted share options to current Executive Directors
and members of senior management in respect of 5,800,000 ordinary
shares, representing 9.95% of the current issued share capital of
the Company.
The options granted to the Executive Directors are as
follows:
Name Position Number of Shares under
option
------------------ ----------------------- -----------------------
Antony Walters Chief Executive 2,200,000
------------------ ----------------------- -----------------------
Jonathan Holmes Commercial Director 2,000,000
------------------ ----------------------- -----------------------
Total 4,200,000
------------------------------------------- -----------------------
The remaining 1,600,000 share options have been granted to the
senior management of the Company.
The options, which have an exercise price of 9.75p (which was
approved at the AGM) will not be exercisable unless and until the
Company's share price equals or exceeds 37p for a period of at
least 90 consecutive days and upon exercise is at or above the 37p
threshold.
Enquiries:
Ashley House plc 01628 600 340
Antony Walters
Jonathan Holmes
WH Ireland 0207 220 1666
(Nominated Adviser and broker to Ashley House plc)
Adrian Hadden
Mark Leonard
This information is provided by RNS
The company news service from the London Stock Exchange
END
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