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Turbotec Products (TRBO)

 25.50p
   
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  • 52 Week High: 38.50
  • 52 Week Low: 23.00
  • Currency: UK Pounds
  • Shares Issued: 12.81m
  • Volume: 0
  • Market Cap: £3.27m
  • RiskGrade: 48
  • Beta: 0.06

Grant of Share Options

RNS Number : 3224L
Turbotec Products PLC
29 July 2011
 



 

 

Press Release

29 July 2011

 

 

Turbotec Products Plc

("Turbotec" or "the Company")

 

Grant of Share Options

 

The board of Turbotec Products Plc (TRBO.L), the designer and manufacturer of energy efficient heat exchangers and heat transfer tubing, is pleased to announce that on 27 July 2011, the Remuneration Committee granted certain of its directors options ("Options") under the Company's Unapproved Share Option Scheme ("the Unapproved Scheme") over 185,000 ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares"). The Options have an exercise price of 38.5 pence per Ordinary Share and are exercisable between 27 July 2013 and 27 July 2021.

 

The number of Options granted, together with the resultant beneficial interests of the directors in the ordinary share capital of the Company, is 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)

 

60,000

 

520,000

 

65,000

 

0.51%

 

Robert Lieberman (Finance Director)

 

75,000

 

265,000

 

20,000

 

0.16%

 

Rob Lowe (Non-executive Chairman)

 

50,000

 

150,000

 

66,500

 

0.52%

 

On the 27 July 2011, options were also granted to certain key employees of the Company under the Unapproved Scheme over a further 250,000 Ordinary Shares, on the same terms as the Options.

 

- Ends -

 

For further information please contact:

 

Turbotec Products Plc


Robert Lowe, Non Executive Chairman

RLowe@trbohx.com

 

Sunil Raina, Managing Director

SRaina@trbohx.com

 

Robert Lieberman, Finance Director

RLieberman@trbohx.com

+44 (0) 79 1714 8930

 

 

Tel: +1 (860) 731-4200

www.turbotecproducts.com

 

Seymour Pierce Limited


Guy Peters, Corporate Finance

Paul Jewell, Corporate Broking

 

Tel: +44 (0) 20 7107 8000

                       www.seymourpierce.com

 

Media enquiries:

Abchurch Communications


Simone Elviss / Oliver Hibberd

oliver.hibberd@abchurch-group.com

     Tel: +44 (0)20 7398 7714

     www.abchurch-group.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

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