Exercise of Options
September 11 2007 - 7:37AM
UK Regulatory
RNS Number:6627D
Dobbies Garden Centres PLC
11 September 2007
Dobbies Garden Centres Plc ("Dobbies" or "the Company")
Exercise of Options
Following the exercise of options by Directors and employees on 11 September
2007, application has been made by Dobbies for a further 122,100 ordinary shares
of 10 pence each in the Company ("Ordinary Shares") to be admitted to trading on
the AIM. Taking account of the additional 122,100 Ordinary Shares the total
share capital of the Company has increased to 10,371,840.
Included within the options exercised were 90,100 Ordinary Shares exercised by
Directors. These were included under the terms of the irrevocable undertakings
entered into by the Dobbies Directors and certain of their connected persons
(the "Irrevocable Undertakings") dated 7 June 2007 contained in Tesco Holdings'
announcement of 8 June 2007 of its firm intention to make an offer for Dobbies,
and the document posted to Dobbies Shareholders on 20 June 2007.
James Barnes' (CEO) shareholding in the Company is now as follows:
Previous Nil
Option quantity and exercise price 13,700 at 0p
New 13,700
Sharon Brown's (Finance Director) shareholding in the Company is now as follows:
Previous Nil
Option quantity and exercise price 60,000 at 410p
Option quantity and exercise price 9,100 at 0p
New 69,100
Johnny Trotter's (Non-Executive Director) shareholding in the Company is now as
follows:
Previous Nil
Option quantity and exercise price 7,300 at 0p
New 7,300
It is expected that dealings in these new ordinary shares, which rank pari passu
in all respects with the existing ordinary shares will commence on 14 September
2007.
Each of the directors named above will accept the cash offer made by Tesco
Holdings Limited for Dobbies at a price of 1,500 pence per share prior to the
closing date of 1:00pm (London time) on 14 September 2007.
Enquiries:
Sharon Brown
Finance Director
Dobbies Garden Centres plc 0131 663 6778
Sandy Fraser
Brewin Dolphin Securities Limited 0131 529 0272
This information is provided by RNS
The company news service from the London Stock Exchange
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