Issue of share options to PDM

RNS Number : 5436N

Spice PLC

18 February 2009

 



18 February 2009

Issue of share options to PDMR of Spice plc ("Spice" or "the Company")

Spice, the provider of Total Utility Support Services, announces that share options over Ordinary Shares of 2 pence each, in the Company, have yesterday been granted to the following persons discharging managerial responsibility, under the terms of the Company's Save As You Earn Share Plan.

Name	Number of shares subject to option	Option exercise price	Total number of options held under all schemes
Simon Rigby	11,718	80 pence	4,894,523
Lee Johnstone	11,718	80 pence	335,084
Mandy Atkinson	2,343	80 pence	696,471
Geoff Lee	11,718	80 pence	257,265
Bill Leach	11,718	80 pence	1,395,797
Phil Williams	4,687	80 pence	144,987
Chris Sharples	11,718	80 pence	274,218

The option exercise price was set on 21 January 2009 being the date of invitation to join the Save As You Earn Scheme. No performance conditions attach to these options which may be exercised in the period from April 2012 to September 2012.  Nil consideration is payable in respect of the grant of options.

This disclosure has been made for the purposes DTR3.1.4(1)(a).

Ends

Enquiries:

Spice plc  -  Tel: [phone]

Simon Rigby, Chief Executive Officer

Oliver Lightowlers, Group Finance Director

Andy Catchpole, Group Strategy and Development Director

Financial Dynamics  -  Tel: [phone]

Billy Clegg

Caroline Stewart  

KBC Peel Hunt (Broker)  -  Tel: [phone]

Julian Blunt 

Notes to Editors

Spice plc
Spice is a total utility infrastructure support services business. The Group's operations were founded in 1996 and have their origins in the electricity industry, though the range of activities has since been expanded into the water sector, niche telecommunications services, statutory gas inspections, energy management and facilities management. Spice's businesses have a common theme of delivering and co-ordinating infrastructure services to customers, and the technological element within the product mix has been built up significantly over the course of the last three years.

 

END

 

 

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