Share Options (2358X)

TIDMRTC

RNS Number : 2358X

RTC Group PLC

10 February 2012

RTC Group plc ("RTC")

Share Options

RTC announces the grant of share options over ordinary shares of one penny each in the Company ("New Options") to certain members of the Board and senior management team. The New Options were granted under the Company's EMI 2001 Share Option Scheme ("EMI Scheme") on 27 January 2012 as follows:

 
 Name            Position                                      No. of 
                                                              options 
 A Pendlebury    Group Chief Executive                        675,581 
 W Douie         Group Executive Chairman                      75,000 
 A Bailey        Group Finance Director                       100,000 
 G Hewett        Group Board Director                         100,000 
                 Managing Director, ATA UK, ATA 
 S Bulloch        Recruitment Ltd                             100,000 
                 Operations Director (International), 
 A Mansfield      ATA Recruitment Ltd                          50,000 
                 Director, Ganymede Solutions 
 B Clarke         Limited                                      50,000 
                 Senior Manager, ATA Selection 
 C Addison        Limited                                       1,500 
                                                         ____________ 
                                                            1,152,081

The exercise price of the New Options is nine pence per share, the price offered in the market on 27 January 2012. The options can be exercised at any time from 27 January 2015 to 26 January 2022. Assuming exercise in full of the options, they would, in aggregate, represent approximately 7.9 per cent. of the enlarged issued share capital of RTC.

All previously issued options over ordinary shares, both those issued under the unapproved scheme and the EMI Scheme, which all have an exercise price ranging from 39 pence to 96.1 pence (with the weighted average exercise price being 50 pence), have been cancelled with effect from 27 January 2012.

John White, being the independent director for this matter, having consulted with the Company's nominated adviser, Allenby Capital Limited, considers the option cancellations and grants to be fair and reasonable insofar as the shareholders of RTC are concerned.

The rules of the Company's EMI Scheme may be viewed at the RTC Group plc head office at London Road, Derby or at www.rtcgroupplc.co.uk/investor-centre/aim-rule-26.htm.

Enquiries:

 
 RTC Group plc                            Tel: 01332 
  Bill Douie, Executive Chairman           861844 
  Andrew Bailey, Group Finance Director 
 
 Allenby Capital Limited (Nominated       Tel 020 3328 
  Adviser and Broker)                      5656 
  Jeremy Porter 
  Mark Connelly

This information is provided by RNS

The company news service from the London Stock Exchange

END

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