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:

 

Director

Option Scheme

Number of options

Option exercise price

Expiry date

Roberto Zandona

2014 Employee Share Option Scheme

 

1,156,069

 

21.625p

12 September 2026

 

 

Unapproved Scheme

843,931

21.625p

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.

 

Enquiries:

 

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

Broker

 

David Lawman

 

 

 

Capital Markets Consultants Limited

Tel: 07515 587 184

PR

 

Richard Pearson

 

 


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