ACTA.L Regulatory News (ACTA)

10 Apr 2008 07:00

Acta S.p.A.10 April 2008 10 April 2008 Acta S.p.A. (the "Company") Director/PDMR Shareholding Acta S.p.A. announces that on 9 April 2008, following the recommendation of theRemuneration Committee, the Board approved the following grants of options overthe Ordinary Shares of the Company to the Directors pursuant to the 2008 ShareOption Scheme. These grants are all conditional upon approval by shareholders atthe next shareholders meeting, to be scheduled on or around 30 May 2008. Name Title Number of options Total number of options granted following grantPaolo Bert Chief Executive 250.284 1.370.192 OfficerToby Chief Operating 159.395 936.026Woolrych OfficerPaul Barritt Chief Financial 138.534 295.521 OfficerRobert Non-Executive 48.487 108.788Drummond ChairmanFabioMastrangelo Non-Executive 41.561 68.767 DirectorGeoff Non-Executive 34.634 77.706Bicknell DirectorMarco Casoni Non-Executive 34.634 77.706 Director Details of the 2008 Share Option Scheme are as follows: The exercise price of the options is 40p per share. Options will becomeexercisable within four years following the announcement of a six monthstatutory reporting period showing a profit ending no later than 31st December2011. If the options have not previously become exercisable, they will lapse on 31 May2012 unless the Board, upon the recommendation of the Remuneration Committee,reasonably considers that the Company has made significant progress in addingshareholder value in the relevant period, in which circumstances the Board mayeither allow the options to become exercisable or else extend the period inwhich to achieve profitability. The flexibility given to the Board is consistentwith similar provisions in the 2006 and 2007 Share Option Schemes. For further information please contact: Acta S.p.A Tel. + 44 (0) 20 7360 4900Toby Woolrych Smithfield Group Tel. +44 (0) 20 7360 4900George Hudson, Katie Hunt, Will Henderson Numis as Nominated Advisor and Broker Tel. +44 (0) 20 7260 1000Jag Mundi, David Poutney, Alex Ham This information is provided by RNS The company news service from the London Stock Exchange