Information  X 
Enter a valid email address

Brambles Industries (BI.)

  Print      Mail a friend

Friday 07 March, 2003

Brambles Industries

Grant of options

Brambles Industries PLC
07 March 2003


BRAMBLES INDUSTRIES PLC

GRANT OF OPTIONS AND PERFORMANCE SHARES

We wish to advise that the following grants of options and share awards have
been made under the Brambles 2001 Executive Share Option Plans ('Option Plans') 
and the Brambles 2001 Executive Performance Share Plans ('Performance Share 
Plans'):


1.  Option Plans

Under the Option Plans:

(a) Options have been granted as at 6 March 2003 over 368,052 Brambles
Industries plc ('BIP') shares at an exercise price of £1.49 per share; and

(b) Options have been granted as at 6 March 2003 over 572,282 Brambles
Industries Limited ('BIL') shares at an exercise price of A$4.32 per share.

The Options will lapse if they are not exercised in accordance with their terms
on or before 6 March 2009.



2.  Performance Share Plans

Under the Performance Share Plans:

(a) Awards have been granted as at 6 March 2003 with respect to 131,137 BIP
shares; and

(b) Awards have been granted as at 6 March 2003 with respect to 198,739 BIL
shares.

In accordance with the Rules of the Plans, no consideration is payable for the
exercise of the Performance Share Plan awards.

The Performance Share awards will lapse if participants do not receive the
underlying shares in accordance with their terms on or before 6 March 2009.



Contact for queries:

Sandra Walters, Assistant Company Secretary
Tel: 020 7659 6039

7 March 2003


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