Grant of Options

RNS Number : 5356Y

Deltex Medical Group PLC

23 December 2010

 



Deltex Medical Group plc

Grant of options

23 December 2010 - Deltex Medical Group plc (the "Company"), the global leader in oesophageal Doppler monitoring ("ODM"), today announces that the Board yesterday approved the issue of share options to Ewan Phillips, Chief Executive.

EMI scheme - salary sacrifice

Following his appointment as Chief Executive in September 2009, the Company's remuneration committee awarded Ewan Phillips a salary increase of £15,000 per annum. Mr Phillips has elected to sacrifice the whole of this salary increase in respect of the period 1 October 2010 to 31 December 2010, in return for awards of options under the Company's 2003 Enterprise Management Incentive ("EMI") Scheme as follows:

Name	Number	Exercise Price £	Exercise period	Total Number of EMI options held
Ewan Phillips	20,270	0.01	2010 - 2020	2,952,624

Additional interests

Mr Phillips also has a beneficial interest in 1,159,773 ordinary shares in the Company representing 0.88 per cent of the issued ordinary share capital of the Company. Mr Phillips also holds options over 2,480,000 shares in the Company's Employee share option scheme. These options have a range of exercise periods from 2004 to 2019.

All shares and options relate to ordinary 1p shares.

For further information, please contact:-

Deltex Medical Group plc                                                                    01243 774 837
Nigel Keen, Chairman                                        
Ewan Phillips, Chief Executive                           
Paul Mitchell, Finance Director               

Nominated Adviser and Broker                                                            020 7614 5917

Arden Partners plc 

Christopher Hardie

 

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