Sportsworld Media - Director Shareholding
June 30 2000 - 1:22PM
UK Regulatory
RNS Number:1628N
Sportsworld Media Group PLC
30 June 2000
Sportsworld Media Group plc ("Sportsworld" or "the Company")
Sportsworld announces that the Chapman Superannuation Trust ("the Trust"), a
trust of which Jeff Chapman, Chairman of the Company, is beneficiary, has
granted options over Sportsworld ordinary shares of 1p each held by the Trust
to certain employees and directors of Sportsworld. Options have been granted
to the following directors of the Company:
Name number of ordinary shares exercise price
Andy Fletcher 800,000 #2.98
Chris Akers 175,000 #2.98
John Bernbach 175,000 #2.98
David Meuse 175,000 #2.98
The options are exercisable in three tranches of up to one-third of the number
of shares over which options have been granted, in whole or in part, at any
time from 1 July 2003, 1 July 2004 and 1 July 2005 respectively. The options
may only be exercised upon fulfilment of certain company performance targets
in relation to each of the financial years ended 30 June 2000, 30 June 2001
and 30 June 2002 and upon achievement of personal performance satisfactory to
the Remuneration Committee in each of the relevant financial years. Any
outstanding options will lapse on the tenth anniversary of the date of grant
of the options.
Company related performance targets include the achievement of growth in
earnings per share of at least 30 per cent. per annum in each of the years
ended 30 June 2001 and 30 June 2002 compared to the earnings per share of the
Company for the year ended 30 June 2000.
END
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