Grant of Options

RNS Number : 5570Q

Sagentia Group PLC

05 August 2010

 



SAGENTIA GROUP PLC

('Sagentia' or the 'Company')

Grant of options 

Sagentia (AIM:SAG.L) announces that, in line with the management incentivisation strategy outlined in the Company's Extraordinary General Meeting ('EGM') document published on 18 May 2010, it has, on 2 August 2010, granted various options over ordinary shares in its share capital, to Directors and employees of the Company.

Options have been granted over a total of 1,319,868 ordinary shares; 460,000 under the Approved Scheme, 201,461 under the Unapproved Scheme and 658,407 from the Incentive Share Options created at the EGM.

Each of these options vest after 3 years from the date of issue and are exercisable at 51 pence per share for a period of seven years from vesting, provided that the Company's share price has reached at least 80p per share for a period of 20 consecutive trading days.

Options granted to Neil Elton are shown in the table below:

Director	Incentive Share Options	Total Options held under all incentive schemes
Neil Elton	500,000	500,000

Save for the above, the directors' beneficial interests in the share capital of the Company remain unchanged and as previously announced.

Enquiries:

Sagentia Group plc

Martyn Ratcliffe, Chairman

Brent Hudson, Chief Executive

(44) 1223 875 200

www.sagentiagroup.com

Arbuthnot Securities:

Nick Tulloch

Paul Gillam

(44) 207 012 2000

www.arbuthnot.co.uk

 

END

 

 

RDSLLFIRTDISIII