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Grant of Share Options

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RNS Number : 4263Z
Flowgroup plc
10 December 2014
 



 

10 December 2014

Flowgroup plc

(the "Company")

 

Grant of Share Options

 

Flowgroup plc (AIM: FLOW), which develops and commercialises alternative and efficient energy technology products,announces that it has today granted the following subscription options over its ordinary shares of 5p each to Nigel Canham:

 


No. of subscription options

Exercise price

Issued share capital of the Company

Nigel Canham (Chief Financial Officer)

1,000,000

43.75p

0.42%

 

One third of these options will be exercisable on the Company's AIM mid-market closing price being maintained at 50 pence or higher for not less than one calendar month; another third will be exercisable on the Company's AIM mid-market closing price being maintained at £1 or higher for not less than one calendar month; and the final third will be exercisable on the Company's AIM mid-market closing price being maintained at £1.50 or higher for not less than one calendar month.

 

These options have been granted under the Company's Enterprise Management Incentive Scheme to the extent of the relevant legislative limits and the balance under the Company's Unapproved Share Option Scheme.

 

Enquiries:

 

Flowgroup plc

www.flowgroup.uk.com

Tony Stiff, Group Chief Executive Officer

Tel: +44 (0)151 348 2100



Investec Bank plc (NOMAD, joint Financial Adviser and joint Broker)

Tel: +44 (0)20 7597 4000

Christopher Baird / Daniel Adams / Ben Williams




Cenkos Securities plc (joint Financial Adviser and joint Broker)

Tel: +44 (0)20 7397 8900

Stephen Keys / Christopher Golden (Corporate Finance), Julian Morse (Sales)




Walbrook PR Ltd

Tel: +44 (0)20 7933 8780 or flowgroup@walbrookpr.com

Paul McManus (Media Relations)

Mob: 07980 541 893  

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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