Issue of Options
January 28 2010 - 8:22AM
UK Regulatory
TIDMGAR
28 January 2010
Garner plc
("Garner" or the "Company")
Issue of Options
The Company announces that on 27 January 2010, it granted options over
10,000,000 ordinary shares (the "Options") to certain employees of Garner,
under the current EMI scheme.
The Options have been issued with an exercise price of 1.75 pence, being the
closing mid-price of the Company on the date of issue, valuing the Options at GBP
175,000. The Options will vest in three equal tranches on 28 January 2011, 28
January 2012 and 28 January 2013, being the first, second and third anniversary
of issue, and will lapse on the tenth anniversary of issue, being 28 January
2020.
Further Enquiries:
Garner plc Tel: 020 7629 8822
Andrew Garner/Ben Felton
Merchant John East Securities Limited Tel: 020 7628 2200
John East/Simon Clements
END
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