Grant of Options

RNS Number : 3734D

Pinnacle Technology Group PLC

27 March 2014

 

Pinnacle Technology Group plc (the "Company")

Grant of Options

Pinnacle Technology Group plc (AIM: PINN), the AIM listed provider of converged technology solutions, announces that the Company has granted to Nicholas Scallan, CEO, options over 1,000,000 ordinary shares under the provisions of the EMI Code at the exercise price of 15.6 pence per ordinary share, being a 20% premium to the closing middle market price of the Company's ordinary shares on 28 February 2014. All of the options shall vest and may be exercised at any time on or after 26 March 2017, being the third anniversary of the date of the grant. The options will lapse on or after the tenth anniversary of the date of grant.

For further information please contact: Enquiries: Pinnacle Technology Group plc Nicholas Scallan, Chief Executive James Dodd, Non-Executive Chairman 0208 185 6393 N+1 Singer Shaun Dobson / Matt Thomas 020 7496 3000

 

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