Issue of Options

RNS Number : 7050V

AEC Education plc

15 July 2009

 



AEC Education plc

('the Company')

Issue of options

The Company announces that it has today issued the following options over new ordinary shares of 10p each in the Company ('Ordinary Shares') to certain directors of the Company ('Options'). The Options can be exercised between a period of eighteen months and five years from the date of grant at a price of 17.2p per share. The Options have been issued as part of The AEC Education plc Unapproved Executive Share Option Scheme ('the Scheme').

Director	Options granted	Options already held under the Scheme	Current Ordinary Shareholding	Current percentage of the existing issued ordinary share capital
David Ho Chief Executive Officer	500,000	250,000	25,000 (1)	0.06
Liam Swords Chairman	400,000	200,000	1,000,000	2.34
Gopinath Pillai Non-executive Director	350,000	-	25,000 (2)	0.06
Ramasamy Jayapal Non-executive Director	350,000	-	574,047	1.34

(1) This shareholding is registered in the name of David Ho's wife.

(2) This shareholding is registered in the name of Gopinath Pillai's wife.

In addition, KSP Investments Pte Ltd currently holds 11,035,037 Ordinary Shares which represents 25.83 per cent. of the existing issued share capital of the Company.  David Ho and Gopinath Pillai, hold 44% and 19.5%, respectively, of KSP Investments Pte Ltd.

For further information contact:

AEC Education plc
Liam Swords	Office: [phone]
	Mobile: [phone]
WH Ireland Limited (NOMAD & Broker)
Adrian Kirk	[phone]
Stuart Forshaw
Biddicks
Katie Tzouliadis	[phone]
Sophie Lane

 

END

 

 

RDSSFUFSISUSESW