Share Options to Directors
October 04 2006 - 1:23PM
UK Regulatory
RNS Number:9784J
Stagecoach Theatre Arts PLC
04 October 2006
Stagecoach Theatre Arts plc
("Stagecoach Theatre Arts" or "the Company")
Grant of Options to Directors
Stagecoach Theatre Arts announces that, today, Manzoor Ishani and Richard
Dawson, directors of the Company, were each granted options over 100,000
ordinary shares of 5p per share in Stagecoach Theatre Arts ("Ordinary Shares")
at an exercise price of 32.5p per Ordinary Share, being the mid-market closing
price on 3 October 2006.
The options are exercisable after 31 May 2007 but within 10 years of the date of
grant and are subject to certain performance criteria relating to improvements
in the earnings per share of the Company. These options will not be treated as
qualifying options under the terms of Schedule 5 of the Income Tax ( Employment
and Pensions ) Act 2003.
Following the grant of these options, Mr Ishani and Mr Dawson hold options over
244,444 and 247,786 Ordinary Shares, respectively. The options have been granted
in lieu of their annual bonus entitlements for the year ending 31 May 2007.
Enquiries:
Stagecoach Theatre Arts Tel 01932 254 333
David Sprigg, Joint Managing Director
Richard Dawson, Finance Director
Smith & Williamson Corporate Finance Limited Tel 020 7131 4000
Robert Kidson
JB Public Relations Tel 01629 825 777
John Burley
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSILFFDILLSIIR
Star Phoenix (LSE:STA)
Historical Stock Chart
From Sep 2024 to Oct 2024
Star Phoenix (LSE:STA)
Historical Stock Chart
From Oct 2023 to Oct 2024