Grant of Share Options
15th January 2009
Ideal Shopping Direct PLC announces that on 15 January 2009,
Mike Hancox, Chief Executive Officer of the Company was
granted options over ordinary shares of 3p each in the Company
under the Company’s Unapproved Share Option Scheme
2000, as detailed below.
| Tranche |
Number of shares |
Exercise price per share |
Exercise period |
| 1 |
833,333 |
34p |
2 years from date of announcement of Company’s
results for 2009 |
| 2 |
833,333 |
34p |
2 years from date of announcement of Company’s
results for 2010 |
| 3 |
833,333 |
34p |
2 years from date of announcement of Company’s
results for 2011 |
The above options vest subject to specific performance
conditions. Following this grant of options Mr Hancox holds
options over a total of 2,500,000 ordinary shares of 3p
each in the Company under the Company’s Unapproved
Share Option Scheme 2000.
In addition, the Board has committed to Ian Jebson, who
as announced on 10 December 2008 is due to join the Company
on 1 March 2009 as Finance Director, that as soon as possible
after taking up his post Mr Jebson will be granted the following
options over ordinary shares of 3p each in the Company under
the Company’s Unapproved Share Option Scheme 2000.
This is expected to take place after the Company comes out
of its close period following its preliminary results announcement
on 26 March 2009.
| Tranche |
Number of shares |
Exercise price per share |
Exercise period |
| 1 |
166,666 |
Mid market closing price on the date prior to grant
|
2 years from date of announcement of Company’s
results for 2009 |
| 2 |
166,667 |
Mid market closing price on the date prior to grant
|
2 years from date of announcement of Company’s
results for 2010 |
| 3 |
166,667 |
Mid market closing price on the date prior to grant
|
2 years from date of announcement of Company’s
results for 2011 |
The above options vest subject to specific performance conditions.
Following this grant of options Mr Jebson will hold options
over a total of 500,000 ordinary shares of 3p each in the
Company under the Company’s Unapproved Share Option
Scheme 2000.
For further information please contact:
David Williams- Ideal Shopping Direct 020 7466 5000
Michael Meade, Oliver Cardigan – Nominated Adviser
Mark Lander – Corporate Broking 020 7260 1000
Numis Securities
Richard Darby, Miranda Higham
Buchanan Communications 020 7466 5000
