Director Shareholding
01 4월 2005 - 5:22PM
UK Regulatory
RNS Number:4572K
Creston PLC
01 April 2005
1 April 2005
Creston Plc (the "Company")
Grant of Options
On 31 March 2005 the Board approved the following grant of options pursuant to
an agreement dated 3 January 2001, to Mr D.H Elgie a Director of the Company.
The grant of options is as a result of the issue and allotment of new ordinary
shares relating to the issue of shares in connection with the Placing and Open
Offer and Acquisition of Face Communications Limited. The details are as
follows:
Name Exercise No. of options Exercise
period Price
Don Elgie 31 March 2008-31 487,280 155p
March 2015
Of the options outlined above, 243,640 are performance related options, which
can be exercised after the initial exercise date provided Creston Plc's average
growth in diluted earnings per share has for two consecutive financial years
exceeded the average growth in diluted earnings per share of such competitor
companies (as specified by the Company's brokers) by greater than 10 per cent.
In addition to the options outlined above, Mr Elgie has an interest in the
following:
* 605,060 options over ordinary shares, at an exercise price of 96p
* 382,380 options over ordinary shares, at an exercise price of 110p
* 60,657 options over ordinary shares, at an exercise price of 114p
* 91,145 options over ordinary shares, at an exercise price of 113p
* 46,752 options over ordinary shares, at an exercise price of 139p
* 6,930 options over ordinary shares, at an exercise price of 136p
* 67,477 options over ordinary shares, at an exercise price of 142p
Mr Elgie also has a beneficial interest in 997,801 ordinary shares in the
Company representing 2.88 per cent of the Company's issued ordinary share
capital of the company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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