Grant of options


 

TIDMCOO 
 
RNS Number : 6291J 
Coolabi PLC 
01 April 2010 
 

                          Coolabi plc (the "Company") 
 
                                Grant of options 
 
The Company today announces, following a recommendation from the Company's 
Remuneration Committee, the re-pricing of existing options and the grant of new 
options to certain directors of the Company, as follows:. 
 
+----------+-----------+---------+----------+---------+-----------+----------+ 
| Name     | Position  |  Number |      Old |  Number |     Total |      New | 
| of       |           |  of old | exercise |  of new |   options | exercise | 
| Director |           | options |    price | options |      held |    price | 
|          |           |    held |    (GBP) | granted |           |  for all | 
|          |           |         |          |         |           |  options | 
|          |           |         |          |         |           |    (GBP) | 
+----------+-----------+---------+----------+---------+-----------+----------+ 
| Jeremy   | Chief     | 981,042 |     0.35 | 950,000 | 1,931,042 |   0.0825 | 
| Banks    | Executive |         |          |         |           |          | 
+----------+-----------+---------+----------+---------+-----------+----------+ 
| Tim      | Finance   | 100,000 |     0.35 | 479,313 |   579,313 |   0.0825 | 
| Ricketts | Director  |         |          |         |           |          | 
+----------+-----------+---------+----------+---------+-----------+----------+ 
| William  | Chairman  | 367,891 |     0.35 |       - |   367,891 |   0.0825 | 
| Harris   |           |         |          |         |           |          | 
+----------+-----------+---------+----------+---------+-----------+----------+ 
 
In addition, the Company announces the re-pricing of 150,000 existing options 
and the grant of 340,000 new options to certain employees, both at an GBP0.0825 
exercise price. 
 
Following the re-pricing of existing options and the grant of new options to 
both the Directors and employees, the total number of shares under option which 
could be issued if all of the performance criteria are met is 3,368,246 ordinary 
shares representing 7.0 per cent. of the current issued share capital of the 
Company. 
 
The options are being issued pursuant to two separate option schemes and are 
subject to a number of performance criteria, including share price appreciation. 
 
Notes: 
 
1.             For the avoidance of doubt the Remuneration Committee of the 
Company comprises Stuart Lindsay, Linda James and Nicholas James. 
2.             The options granted to Tim Rickets and William Harris will be in 
the name of Avonglen Limited. 
 
 
1 April 2010 
 
ENQUIRIES: 
 
+-------------------------------+-------------------------------+ 
| Coolabi plc                   |            Tel: 020 7258 7080 | 
+-------------------------------+-------------------------------+ 
| Jeremy Banks, Chief Executive |                               | 
| Tim Ricketts, Finance         |                               | 
| Director                      |                               | 
+-------------------------------+-------------------------------+ 
|                               |                               | 
+-------------------------------+-------------------------------+ 
| Evolution Securities Limited  |            Tel: 020 7071 4300 | 
+-------------------------------+-------------------------------+ 
| Bobbie Hilliam/Chris Clarke   |                               | 
+-------------------------------+-------------------------------+ 
|                               |                               | 
+-------------------------------+-------------------------------+ 
| Walbrook PR Limited           |            Tel: 020 7933 8780 | 
+-------------------------------+-------------------------------+ 
| Paul McManus                  |            Mob: 07980 541 893 | 
|                               |   paul.mcmanus@walbrookpr.com | 
+-------------------------------+-------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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