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Turbotec Products (TRBO)
- Change Today: 0.000p
- 52 Week High: 40.00
- 52 Week Low: 22.00
- Currency: UK Pounds
- Shares Issued: 12.81m
- Volume: 6,000
- Market Cap: £3.27m
- RiskGrade: 118
- Beta: 0.09
Grant of Share Options
24 February 2010
Turbotec Products Plc
("Turbotec" or "the Company")
Grant of Share Options
The board of Turbotec, the designer and manufacturer of energy efficient heat exchangers and heat transfer tubing, is pleased to announce that on 27 January 2010, the Remuneration Committee granted certain of its directors options ("Options") under the Company's Unapproved Share Option Scheme ("the Unapproved Scheme") over 260,000 ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares"). The Options have an exercise price of 28.5 pence per Ordinary Share and are exercisable between 27 January 2012 and 27 January 2020.
The number of Options granted, together with the resultant beneficial interests of the directors in the ordinary share capital of the Company, are as follows:
|
|
No. of Options awarded under the Unapproved Scheme |
Total no. of options awarded to date under the Unapproved Scheme |
No. Ordinary Shares currently held |
No. Ordinary Shares currently held as a percentage of the Company's issued share capital |
|
Sunil Raina (Managing Director) |
100,000 |
360,000 |
65,000 |
0.51% |
|
Robert Lieberman (Finance Director) |
50,000 |
190,000 |
20,000 |
0.16% |
|
Tom Nairn (Non-executive Chairman) |
50,000 |
140,000 |
66,500 |
0.52% |
|
Rob Lowe (Non-executive Director) |
35,000 |
100,000 |
66,500 |
0.52% |
|
Anthony Mirabella (Non-executive Director) |
25,000 |
90,000 |
10,000 |
0.08% |
- Ends -
For further information please contact:
|
Turbotec Products PLC
|
|
|
Sunil Raina, Managing Director SRaina@turbotecproducts.com
|
Tel: +1 (860) 731 4200
|
|
Robert Lieberman, Finance Director RLieberman@turbotecproducts.com
|
www.turbotecproducts.com |
|
Evolution Securities Limited
|
|
|
Joanne Lake / Peter Steel |
Tel: +44 (0) 113 243 1619 |
Media enquiries:
|
Abchurch Communications
|
|
|
Sarah Hollins / Nick Probert |
Tel: +44 (0) 207 398 7700 |
|
|
|
This information is provided by RNS
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