RNS Number:2053S
Lo-Q PLC
11 April 2008
LO-Q PLC ("Lo-Q" or "the Company")
11 April 2008
GRANT OF OPTIONS
Lo-Q announces that it today granted options over ordinary shares of 1p each in
the Company ("Shares") under the Lo-Q EMI Share Scheme, exerciseable at 25p per
Share, to certain directors as follows:
Director Options Options Exercise Resultant
granted (1) granted (2) price optionholding
Jeffrey McManus 100,000 25p 100,000
Steve Drake 100,000 25p 295,921
Leonard Sim 100,000 25p 100,000
Colin Robertson 100,000 100,000 25p 200,000
A consideration of £1 was paid in respect of each grant.
(1) These options will vest in four equal tranches on the 1st, 2nd, 3rd and 4th
anniversaries of the grant, subject to the achievement of performance
targets for the financial years 2008, 2009, 2010 and 2011, and expire on
the 10th anniversary of grant.
(2) These options may be exercised from 11 April 2009, and expire on the 10th
anniversary of grant.
Enquiries:
Lo-Q plc
Jeffrey McManus t: 01491 577 210
Arbuthnot Securities
John Prior t: 020 7012 2000
This information is provided by RNS
The company news service from the London Stock Exchange
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