BWA GROUP PLC - Grant of Options to Directors
February 12 2015 - 6:00AM
PR Newswire (US)
12 February 2015
GB0033877555
BWA GROUP PLC
("BWA" or the "Company")
GRANT OF OPTIONS TO DIRECTORS
BWA Group PLC, the ISDX Growth Market listed investment company, announces that
each Director of the Company has been granted options ("Options") over
5,871,262 ordinary shares of 0.5p each in the Company ("Ordinary Shares"). The
Options are exercisable at a price of 0.65p per share and vest as to one third
on the first anniversary of grant, as to one third on the second anniversary of
grant and as to the remaining third on the third anniversary of grant.
The Options have been granted under the terms of an Unapproved Share Option
Plan adopted by the Company; the 17,613,786 Ordinary Shares subject to the
Options represent approximately 15 per cent. of the Company's current issued
share capital.
Following the grant of the Options, the Directors' interests in the Company are
as follows:
Director Ordinary Shares % of issued Ordinary Shares
held share capital under option
Richard 16,510,822 14.7 5,871,262
Battersby
James 17,742,737 15.8 5,871,262
Butterfield
Alex Borrelli 1,475,636 1.3 5,871,262
The Directors of BWA are responsible for the contents of this announcement.
For further information please contact:
BWA Group Plc
Richard Battersby (Non-Executive Chairman) 07836 238 172
Peterhouse Corporate Finance Limited
Mark Anwyl or Duncan Vasey 020 7469 0930
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