Grant of Options

RNS Number : 9377D
Tanfield Group PLC
03 February 2015
 



Tanfield Group PLC

("Tanfield" or the "Company")

Grant of Options

Tanfield announces that on 2 February 2015 the Board of the Company awarded  options over a total of 300,000 ordinary shares of 5 pence each to Directors and the Company Secretary ("Options"). The Options have no vesting period, have a total exercise period of 5 years and are exercisable at 27 pence per share, representing a premium of 37.5 per cent over the mid-market price of the Company's ordinary shares on 30 January 2015.  100,000 Options will be granted to each of Jon Pither, Martin Groak and Daryn Robinson.

The Company also announces that Roy Stanley has agreed to transfer 800,000 options previously granted to him to Jon Pither, Martin Groak and Daryn Robinson, who receive 200,000, 200,000 and 400,000 respectively. The options to be transferred have no vesting period, a total exercise period of 2 years and are exercisable at 5 pence per share.

 

 

Options held previously

Options held following transfer and grant

Jon Pither

Nil

300,000

Roy Stanley

800,000

Nil

Martin Groak

30,000

330,000

Daryn Robinson

Nil

500,000

 

Contacts:

Tanfield Group Plc

 

Roy Stanley

0845 155 7755

 

 

WH Ireland Limited - Nominated Adviser

 

James Joyce / James Bavister

0207 220 1666

 

 

Peterhouse Corporate Finance Limited - Broker

 

Duncan Vasey / Lucy Williams

0207 469 0930

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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