5 Nov 2013 09:38
T.CLARKE PLC (the "Company")
SAVINGS RELATED SHARE OPTION SCHEME - GRANT OF OPTIONS
On 11 October 2013, directors of the Company were granted options over ordinary shares of 10p each in the capital of the Company ("shares") under the T.Clarke plc Savings Related Share Option Scheme ("the Scheme").
Details of the directors and the number of shares over which options were granted to them under the Scheme are as follows:
Director | Number of share options | Exercise price of options |
Mark Lawrence | 1,666 | 54.00p /share |
Mike Crowder | 1,666 | 54.00p /share |
Martin Walton | 1,666 | 54.00p /share |
The above represents the maximum number of options available to the directors under the rules of the Scheme. No consideration was paid for the grant of the options.
Options may normally be exercised during the six months following the Maturity Date at the end of the three-year savings period. The Maturity Date is 1 January 2017.
Following the grant of the options under the Scheme these individuals hold the following beneficial interests in the issued share capital of the Company:
Director | Beneficial interest in the shares of the Company | % of the issued share capital of the Company | Total number of conditional share awards held | Total number of options |
Mark Lawrence | 20,000 | 0.05% | 315,000 | 139,273 |
Mike Crowder | 12,000 | 0.03% | 315,000 | 139,273 |
Martin Walton | 10,000 | 0.02% | 315,000 | 139,273 |
For further information contact:
T. Clarke plc Mark Lawrence, Chief Executive Martin Walton, Finance Director
| Tel: 020-7997-7400 |
N + 1 Singer Sandy Fraser
| Tel: 020-3201-3710 |