Ishaan Real Estate PLC Exercise of Annual Options (9849B)
April 10 2013 - 2:02AM
UK Regulatory
TIDMISH
RNS Number : 9849B
Ishaan Real Estate PLC
10 April 2013
10 April 2013
Ishaan Real Estate plc
("Ishaan Real Estate" or the "Company")
Exercise of Annual Options
Ishaan Real Estate plc (the "Company"), announces that following
a Board meeting on 6th December 2012 and a Committee meeting on 8th
April 2013, the Company approved an aggregate grant of 256,317
ordinary shares of 1 pence each in the capital of the Company (the
"Ordinary Shares'"), in respect of annual share options (the
"Annual Options") granted to Ian Henderson, Vittorio Radice and
Stephen Vernon in accordance with their respective letters of
appointment as non-executive Chairman and non-executive Directors
of the Company dated 7th November 2006, 7th November 2006 and 1st
August 2007 respectively. The Annual Options which accrued in
2011/2012 are granted in lieu of salary.
These Annual Options in respect of Ordinary Shares were issued
on 8th April 2013, following the exercise by Ian Henderson,
Vittorio Radice and Stephen Vernon.
New Ordinary Average Exercise Total Ordinary Shares
Shares Price per Share held following exercise of
Annual Options
Ian Henderson 105,680 37.85 pence 901,968
Vittorio Radice 79,260 37.85 pence 579,415
Stephen Vernon 71,377 42.03 pence 578,065
The Company's issued share capital now consists of 146,110,450
Ordinary Shares, with voting rights.
An application has been made to the London Stock Exchange for
the new Ordinary Shares, which will rank pari passu with existing
Ordinary Shares, to be admitted to trading on AIM. It is expected
that these new Ordinary Shares will be admitted to trading on 15th
April 2013.
Enquiries:
Deutsche Bank AG, London Branch (NOMAD and broker to the Company)
Ben Lawrence
John O'Driscoll
Tel: +44 20 7545 8000
College Hill (PR advisers to the Company)
Mike Davies
Tel : +44 20 7457 2020
Email: mike.davies@collegehill.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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