REG - Tanfield Group PLC - Grant of Options <Origin Href="QuoteRef">TAN.L</Origin>
RNS Number : 9377DTanfield Group PLC03 February 2015Tanfield Group PLC
("Tanfield" or the "Company")
Grant of Options
Tanfield announces that on 2 February 2015 the Board of the Company awarded options over a total of 300,000 ordinary shares of 5 pence each to Directors and the Company Secretary ("Options"). The Options have no vesting period, have a total exercise period of 5 years and are exercisable at 27 pence per share, representing a premium of 37.5 per cent over the mid-market price of the Company's ordinary shares on 30 January 2015. 100,000 Options will be granted to each of Jon Pither, Martin Groak and Daryn Robinson.
The Company also announces that Roy Stanley has agreed to transfer 800,000 options previously granted to him to Jon Pither, Martin Groak and Daryn Robinson, who receive 200,000, 200,000 and 400,000 respectively. The options to be transferred have no vesting period, a total exercise period of 2 years and are exercisable at 5 pence per share.
Options held previously
Options held following transfer and grant
Jon Pither
Nil
300,000
Roy Stanley
800,000
Nil
Martin Groak
30,000
330,000
Daryn Robinson
Nil
500,000
Contacts:
Tanfield Group Plc
Roy Stanley
0845 155 7755
WH Ireland Limited - Nominated Adviser
James Joyce / James Bavister
0207 220 1666
Peterhouse Corporate Finance Limited - Broker
Duncan Vasey / Lucy Williams
0207 469 0930
This information is provided by RNSThe company news service from the London Stock ExchangeENDRDSLLFVSFIIVIIE
Recent news on Tanfield
See all newsREG - Tanfield Group PLC - Final Results for the year ended 31 Dec 2023
AnnouncementREG - Tanfield Group PLC - Snorkel Investment Update
AnnouncementREG - Tanfield Group PLC - Snorkel Investment Update
AnnouncementREG - Tanfield Group PLC - Interim Results for the six-months to 30 June 2023
AnnouncementREG - Tanfield Group PLC - Result of AGM
Announcement