W.H. Ireland Group PLC
02 August 2007
WH Ireland Group plc
('WHI' or the 'Company')
Exercise of Options
The Company announces that on 31 July 2007 Finance Director Derek Ashford issued
the Company with a notice to exercise the following options in respect of new
ordinary shares of 5p each in WHI ('Ordinary Shares'):
Date of grant Number of Ordinary Exercise price per Aggregate exercise
Shares Ordinary Share (£) price
16/12/99 200,000 0.3 £600,000.00
02/04/01 26,666 0.75 £19,999.50
30/05/02 92,609 0.5 £46,304.50
17/03/04 20,000 0.75 £15,000.00
23/05/04 30,000 0.7 £21,000.00
Total: 369,275 - £162,304
It is anticipated that the Ordinary Shares the subject of the options (the '
Option Shares') will be allotted and issued to Derek Ashford on or around 6
August 2007, and subsequently admitted to trading on AIM on or around 10 August
2007. The Company will make further announcements as appropriate.
Also on 31 July 2007, Derek Ashford notified the Company that on that same date
he had sold all the Option Shares through the market at a price of 140p per
share (giving an aggregate price of £516,985).
Immediately following the allotment and issue of the Option Shares to Derek
Ashford and the sale of the Option Shares by him, Derek Ashford's holding of
Ordinary Shares will remain unchanged, being 179,733 Ordinary Shares.
As previously announced on 30 May this year, Derek Ashford will leave the
Company on 3 August 2007 to move into private practice.
For more information please contact
Laurie Beevers, WH Ireland Group plc 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange