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Clerkenwell Ventures (CRK)

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Monday 30 March, 2009

Clerkenwell Ventures

Grant of Options

RNS Number : 7249P
Clerkenwell Ventures PLC
30 March 2009
 






                                

Clerkenwell Ventures PLC 

('the Company' or 'Clerkenwell Ventures')


Grant of options


Following the completion of the Proposalsthe Directors have been granted replacement units in the Clerkenwell Ventures plc 2007 Long Term Incentive Plan ('LTIP'). In accordance with the rules of the LTIP, the market price, hurdle price and measurement dates have been re-set, although the number of units outstanding for each remains the same. At the same time a further 450 units in the LTIP has been granted to an employee of the Company. The total number of LTIP units outstanding remains the same at 6,450 units.


In addition to the above, following completion of the Proposals, all share options under the Clerkenwell Ventures PLC 2007 Share Option Plan ('2007 Option Plan') have been adjusted to reflect the Return of Capital and the Consolidation.


Following the above adjustments, the interests of the Directors under the Company's share based payments schemes are as follows:


LTIP

Outstanding Units

David Page

3,000

Paul Campbell

3,000


2007 Option Plan

Outstanding options

David Page

309,064 at 54p

Paul Campbell

309,064 at 54p


All capitalised terms in this announcement have the meanings set out in the Company's Circular dated 9 January 2009.


For further information please contact:


Clerkenwell Ventures PLC                                         Telephone: 0870 066 2099

David Page, Non-Executive Chairman


Seymour Pierce Limited                                             Telephone: 020 7107 8000

Nicola Marrin                    




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