Grant of Options

RNS Number : 3444Y

Blavod Extreme Spirits PLC

04 July 2008

 



Blavod Extreme Spirits PLC (the 'Company')

4 July 2008

Grant of Options

At the annual general meeting ('AGM') held on 1 July 2008 an ordinary resolution was passed by shareholders to allow the Directors to cancel existing options under the Company's Enterprise Management Incentive Scheme, and to issue 3,865,000 new options over shares to employees and Directors of the Company.

At a Board meeting held on 4 July 2008 all the Existing Options previously granted to current members of staff and Directors were cancelled and 3,865,000 new options were issued.

Of these options the following were granted to Directors of the Company:

Name of Option Holder	Number of Shares under Option
Richard Ambler	1,250,000
Lawrence Banks	350,000
Colin Campbell	350,000
Willie Phillips	350,000

All new options were granted on the following terms:

Exercise price of 5p - which is a premium of 17.6 per cent. to the mid-market price over the 3 business days prior to the date of grant.

Term : up to 10 years

For further information, please contact: 

Blavod Extreme Spirits plc 

Richard Ambler (Managing Director)            0207 352 2096 

Brewin Dolphin (Nominated Adviser) 

Neil Baldwin/Alison Barrow                         0845 270 8600

ENDS

 

END

 

 

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