Directors' Interests
July 11 2003 - 11:14AM
UK Regulatory
RNS Number:4806N
Blick PLC
11 July 2003
Blick plc - Directors' Interests
Blick plc announces that on 10 July 2003 the first grant of options was made to
eligible employees, including executive directors of Blick plc, who had applied
to participate in savings contracts under the Blick Inland Revenue Approved
Sharesave Scheme 2003. The options were granted at an exercise price of 194p per
share, this being the average closing mid-market price of Blick plc shares on
11,12,13 June 2003 (no discount applied).
Options were granted to executive directors of the Company as follows:
Shares under Option Exercise period
Mrs V. Murray 4,768 01.10.06 - 31.03.07
Mr G. Peagam 8,208 01.10.08 - 31.03.09
Mr B. Ginnever 4,104 01.10.08 - 31.03.09
Mrs V. Murray and Mr G Peagam both have matured Sharesave contracts with options
over 3,930 and 393 shares respectively, that are due to lapse on 31 August 2003.
The option price for both these options is 246.5p per share.
Mr B Ginnever has allowed Sharesave options to lapse over 2,738 shares at 246.5p
per share and 4,345 shares at 233p per share in order to participate in the
current invitation.
In addition to the above, the Company has offered eligible employees, including
executive directors of Blick plc, the opportunity to participate in the Blick
Share Incentive Plan 2003. Mr B Ginnever has elected to participate in the Plan
and make ongoing monthly deductions of #125 per month from his salary to
purchase Partnership Shares that are to be held by the Trustee of the Plan. The
first acquisition by the Trustee of the Plan is due to be made in October 2003.
Both the Blick Inland Revenue Approved Sharesave Scheme 2003 and the Blick Share
Incentive Plan 2003 were approved by shareholders at the Annual General Meeting
of the Company held on 7 February 2003.
This information is provided by RNS
The company news service from the London Stock Exchange
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