Information  X 
Enter a valid email address

Brambles Industries (BI.)

  Print      Mail a friend

Thursday 11 September, 2003

Brambles Industries

Grant of options

Brambles Industries PLC
11 September 2003


BRAMBLES INDUSTRIES PLC


GRANT OF OPTIONS AND PERFORMANCE SHARES



We wish to advise that this year's grants under the Brambles 2001 Executive
Share Option Plans ('Option Plans') and the Brambles 2001 Executive Performance
Share Plans ('Performance Share Plans') have now been finalised. The grants are
subject to performance conditions in accordance with the Rules of the Plans.


Details of the grants are set out below.



1.         Option Plans


Under the Option Plans:


(a)     Options have been granted as at 10 September 2003 over 9,916,061 BIL
shares

          at an exercise price of A$4.75 per share; and


(b)     Options have been granted as at 10 September 2003 over 6,534,867 BIP
shares

          at an exercise price of £1.72 per share.


The Options will lapse if they are not exercised in accordance with their terms
on or before 10 September 2009.



2.       Performance Share Plans


Under the Performance Share Plans:


(a)     awards have been granted as at 10 September 2003 with respect to
2,626,268

          BIL shares; and


(b)     awards have been granted as at 10 September 2003 with respect to
1,715,852

          BIP 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 10 September 2009.



3.       Grants to Executive Directors


In addition to the above, in accordance with shareholder approval obtained at
the 2001 Annual General Meetings and as outlined in the 2002 Annual Report, the
following Options and Performance Share Plan awards have also been granted as at

10 September 2003 to the Group's Executive Directors:


(a)     to Sir CK Chow, Options over 1,601,420 BIL shares at an exercise price
of $4.75

          and an award under the Performance Share Plan with respect to 418,054
BIL

          shares; and


(b)          to D J Turner, Options over 735,832 BIL shares at an exercise price
of $4.75 and

          an award under the Performance Share Plan with respect to 192,090 BIL
shares.



Contact for queries



Sandra Walters

Assistant Company Secretary


Tel 020 7659 6039



11 September 2003








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