Grant of Options

RNS Number : 1987B

IDOX PLC

13 August 2008

 



IDOX PLC

13 August 2008

IDOX plc

('IDOX' or the 'Company')

Grant of options and directors' interests

IDOX announces that on the 11 August 2008, options were granted to the below-noted directors following the agreement of the terms of these options at the remuneration sub-committee of the Board held on the 17 July 2008. All options referred to are exercisable over ordinary shares of 1p each in the capital of the Company ('Ordinary Shares'). 

Director                                                                                                                                                No. of options granted      

Martin Brooks, Chairman                                                                                                                                        789,744

Richard Kellett-Clarke, Chief Executive Officer                                                                                             1,435,898

The options granted to both individuals were awarded in two tranches subject to the following conditions:

	# of options	Exercise price/p	Vesting	Latest vesting date
Tranche 1
Martin Brooks	423,077	13	Quarterly over 5 yrs	01 May 2013
Richard Kellett -Clarke	769,231	13	Quarterly over 5 yrs	01 May 2013
Total Tranche 1	1,192,308
Tranche 2
Martin Brooks	366,667	15	Quarterly over 5 yrs	01 May 2013
Richard Kellett -Clarke	666,667	15	Quarterly over 5 yrs	01 May 2013
Total Tranche 2	1,033,334

In addition to the share options above, Martin Brooks and Richard Kellett-Clarke hold the following interests in the share capital of the Company:

Director	Nature of Holding	Ordinary shares held	% of current issued share capital
Martin Brooks	Direct	271,079	0.08
	Indirect	2,402,127	0.70
	Total	2,673,206	0.78
Richard Kellett -Clarke	Direct	1,818,181	0.53
	Indirect	2,666,667	0.77
	Total	4,484,848	1.30

Enquiries:

IDOX 

Martin Brooks, Chairman                                                020 7332 6000

Richard Kellett-Clarke, Chief Executive             

College Hill

Adrian Duffield/Carl Franklin                                     020 7457 2020

Noble & Company Limited

Matthew Hall/ Sam Reynolds                                      020 7763 2200

 

END

 

 

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