RNS Number : 1873J
ILX Group PLC
28 November 2008
28 November 2008
ILX GROUP PLC (ILX/L)
("ILX" or "the Company")
The AIM quoted business education and training specialists
This notification is made in accordance with Rule 17 of, and Schedule 5 to, the AIM Rules.
The following current grants of options and shares under the Company's Option Scheme and MTIP were waived on 27 November 2008:
Share Option Scheme
Name of Director Number of Common Shares Exercise Price
under the Option
Ken Scott 140,500 110p
Ken Scott 16,875 70p
Ken Scott 225,000 96p
Ken Scott 49,893 100p
Ken Scott 144,901 100p
Ken Scott 298,271 99p
Jon Pickles 25,000 110p
Jon Pickles 7,125 70p
Jon Pickles 122,875 96p
Jon Pickles 17,907 100p
Jon Pickles 57,960 100p
Jon Pickles 119,309 99p
Paul Lever 10,000 140p
MTIP
Name of Director Number of Common Shares Exercise Price
Ken Scott 875,439 Nil
Jon Pickles 350,176 Nil
The following grants of options and shares under the Company's option scheme were made on 28 November 2008:
Share Option Scheme
Name of Director Number of Common Shares Exercise Price
under the Option
Ken Scott 875,000 Nil
Jon Pickles 350,000 Nil
No consideration was paid for the grant of the Options. Options will normally vest in two years time subject to the participant's
continued employment with the Company.
The shares currently residing in the Company's MTIP trust will be used to provide shares for nil-cost options in the event of exercise.
Following this grant, the Company will also review the share incentive schemes for all company management and staff. It remains Company
policy that all staff should participate in the Company's Share Option scheme. The Company has shareholder authority to issue options under
the Scheme up to a maximum of 25% of the issued share Capital.
Enquiries to:
ILX Group plc 020 7751 7100
Paul Lever
Adventis Financial PR 020 7034 4758/4759
Tarquin Edwards / Chris Steele 07879 458 364 / 07979 604 687
Arbuthnot Securities (Nominated Adviser) 020 7012 2000
Tom Griffiths
This information is provided by RNS
The company news service from the London Stock Exchange
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