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Universe Grp. (UNG)

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Friday 27 January, 2012

Universe Grp.

Director shareholding and grant of options

RNS Number : 3269W
Universe Group PLC
27 January 2012
 

Universe Group PLC

("Universe" or the "Company")

 

Director Shareholding and Grant of Options

 

The Board of Universe (AIM:UNG.L) have been informed that Stephen McLeod, Chief Executive, today purchased 2,000,000 ordinary shares in the Company at 1.5p per share.  Mr McLeod now holds 3,300,000 ordinary shares, representing approximately 2.88 per cent of the issued share capital.  

 

Grant of Options

 

Universe announces that share options ("Options") to subscribe for ordinary shares of 5p each in the Company ("Shares") have been granted to each of the Executive Directors and to members of the senior management team. Options over 750,000 Shares have been issued to certain members of the senior management team and the following Options have been issued to the Executive Directors:

 

Director 

Options granted                      

Scheme granted under

Vesting period

Total Options now held

Stephen McLeod

3,360,000

Unapproved Share Option Scheme

1 year

3,360,000

Robert Smeeton

250,000

EMI Share Option Scheme

3 year

1,000,000

                

The Options are zero cost options and may be exercised only if the Company's share price is at or above 5 pence per share. The Options expire on the tenth anniversary of grant.

Contacts:

 

Universe Group PLC

Robert Goddard, Chairman

Stephen McLeod, Chief Executive

Tel: 02380 689510

 

Allenby Capital Limited

Jeremy Porter / Dan Robinson

Tel: 020 3328 5656


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