REG - Coral Products PLC - Grant of options to a Director and employees <Origin Href="QuoteRef">CRU.L</Origin>

Coral ProductsAnnouncement

13/09/2016 11:50

RNS Number : 6948J
Coral Products PLC
13 September 2016
Coral Products plc
("Coral or the "Company")
Grant of options to a Director and employees
Coral Products plc, a specialist in the design, manufacture and supply of injection moulded plastic products based in Haydock, Merseyside announces that Roberto Zandona, a Director of the Company, has been granted 1,156,069 options ("EMI Options") over ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares") under the 2014 EMI Share Option Scheme and a further 843,931 options ("Unapproved Options") over Ordinary Shares under an Unapproved Scheme. 
In addition, a further 550,000 EMI Options have been granted to 4 current senior management employees.
The EMI Options and Unapproved Options have an exercise price of 21.625 pence per ordinary share, being the closing mid-market price per ordinary share on 12 September 2016, and are exercisable between 13 September 2018 and 12 September 2026, after which they will lapse. 
Following the grant of the Options Roberto Zandona has the following options over Ordinary Shares:
Director
Option Scheme
Number of options
Option exercise price
Expiry date
Roberto Zandona
2014 Employee Share Option Scheme
1,156,069
21.625p
12 September 2026
Unapproved Scheme
843,931
21.625p
12 September 2026 
Following the grant of these options, the total number of options to subscribe for new ordinary shares in the Company held by all Directors and employees is 4,100,000 representing 5% of the issued share capital of the Company.
Enquiries:
Coral Products plc
Tel: 07703 518 148
Joe Grimmond, Chairman
Cairn Financial Advisers LLP
Tel: 020 7148 7900
Nominated Adviser
Tony Rawlinson / Liam Murray
Daniel Stewart & Company plc
Tel: 020 7776 6550
Broker
David Lawman
Capital Markets Consultants Limited
Tel: 07515 587 184
PR
Richard Pearson

This information is provided by RNS
The company news service from the London Stock Exchange
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