Source - RNS
RNS Number : 6948J
Coral Products PLC
13 September 2016

Coral Products plc

("Coral or the "Company")

Grant of options to a Director and employees

Coral Products plc, a specialist in the design, manufacture and supply of injection moulded plastic products based in Haydock, Merseyside announces that Roberto Zandona, a Director of the Company, has been granted 1,156,069 options ("EMI Options") over ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares") under the 2014 EMI Share Option Scheme and a further 843,931 options ("Unapproved Options") over Ordinary Shares under an Unapproved Scheme.

In addition, a further 550,000 EMI Options have been granted to 4 current senior management employees.

The EMI Options and Unapproved Options have an exercise price of 21.625 pence per ordinary share, being the closing mid-market price per ordinary share on 12 September 2016, and are exercisable between 13 September 2018 and 12 September 2026, after which they will lapse.

Following the grant of the Options Roberto Zandona has the following options over Ordinary Shares:



Option Scheme

Number of options

Option exercise price

Expiry date

Roberto Zandona

2014 Employee Share Option Scheme





12 September 2026



Unapproved Scheme



12 September 2026           


Following the grant of these options, the total number of options to subscribe for new ordinary shares in the Company held by all Directors and employees is 4,100,000 representing 5% of the issued share capital of the Company.




Coral Products plc

Tel: 07703 518 148

Joe Grimmond, Chairman




Cairn Financial Advisers LLP

Tel: 020 7148 7900

Nominated Adviser


Tony Rawlinson / Liam Murray




Daniel Stewart & Company plc

Tel: 020 7776 6550



David Lawman




Capital Markets Consultants Limited

Tel: 07515 587 184



Richard Pearson



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

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