Information  X 
Enter a valid email address

Universal Salvage (UVS)

  Print      Mail a friend       Annual reports

Monday 08 January, 2001

Universal Salvage

Director Shareholding

Universal Salvage PLC
8 January 2001


                         UNIVERSAL SALVAGE PLC

Notification of Interest of Directors and Connected Persons

Please be advised of the following two notifications in respect of Jonathan
Cook, Finance Director:

A. Share Options

Universal Salvage plc has today been notified by the Trustee of the Universal
Salvage plc 2000 Employees' Share Trust that a form of acceptance has been
received from the following director in respect of share option grants from The
Universal Salvage 1995 Share Option Scheme ('the 1995 Scheme') and The Universal
Salvage 2000 Approved Executive Share Option Scheme ('the 2000 Scheme'):

J.C. Cook

1995 Scheme - 18373 option shares
2000 Scheme - 7874 option shares

Additional information required as follows:

1. The date of grant of the above option shares was 14 December, 2000.
2. The exercise price is £3.81.
3. Amount paid for option shares - Nil.
4. Description of shares - ordinary shares of 10p each.
5. Period during which shares are exercisable:

   1995 Scheme - 14 December, 2003 - 14 December, 2007
   2000 Scheme - 14 December, 2003 - 13 December, 2010

6. Total option shares following this notification: 26,247.

7. Additional information:

   N.B. The delay in notification is due to the acceptance period being 30 days 
        from the date of grant.


B. SAYE Option Shares

We have today been notified by Halifax plc that Jonathan Cook has opted to
participate in a new five year SAYE scheme.

The total number of option shares is 5532.

Additional information required as follows:

1. The date of grant of the option shares is 8th January, 2001.

2. The grant price is £3.05.

3. Amount paid for SAYE shares in the period will be 60 x £250 per month, i.e.  
   £15,000.

4. Description of shares - ordinary shares of 10p each.

5. Grant matures on 1 February, 2006 and option expires six months thereafter.

6. Total SAYE options following this notification is 5532.

Enquiries to Anne Thomas, Universal Salvage plc. Telephone: (01234) 762244