Koovs PLC Awards to Directors (9884C)
July 01 2016 - 7:00AM
UK Regulatory
TIDMKOOV
RNS Number : 9884C
Koovs PLC
01 July 2016
1 July 2016
Koovs plc
Awards to Directors
Koovs plc (the "Company") (AIM: KOOV.L) announces that it has
today granted options over ordinary shares of GBP0.01 each in the
Company ("Ordinary Shares") to the following directors:
Mary Turner, Chief Executive Office 7,484,185 Ordinary Shares
Gail Rebuck, Non-Executive Director 374,209 Ordinary Shares
Emily Sheffield, Non-Executive Director 374,209 Ordinary Shares
These share options were awarded with an exercise price of 53.5
pence per Ordinary Share and will vest on 1 July 2021 subject to
continued employment with the Company. The options previously
granted to these directors on 4 March 2014 (Gail Rebuck and Emily
Sheffield) and 29 July 2014 (Mary Turner), all with an exercise
price of 150p, have been cancelled.
Waheed Alli, Chairman, commented:
"At 53.5p per share, the realignment of the share options will
see the senior management team's economic interests realigned with
those of the shareholders. I believe we are well placed to ensure
that the Company will continue to deliver on its ambition to be
India's leading western fashion destination as India benefits from
its significant economic growth."
For further information,
please contact:
Koovs plc Tel: +44 (0)20 7151
Waheed Alli 0170
Peel Hunt LLP
Dan Webster Tel: +44 (0) 20 7418
George Sellar 8900
Adrian Trimmings
Jock Maxwell Macdonald
(ECM)
Brunswick Group LLP
Nick Claydon / Alison Tel: +44 (0) 20 7404
Kay 5959
This information is provided by RNS
The company news service from the London Stock Exchange
END
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