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CRU Coral Products Plc

9.60
0.00 (0.00%)
Last Updated: 08:00:29
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Coral Products Plc LSE:CRU London Ordinary Share GB0002235736 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.60 9.20 10.00 9.60 9.60 9.60 10,000 08:00:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics Products, Nec 35.22M 1.26M 0.0141 6.81 8.56M

Coral Products PLC Grant of options to a Director and employees (6948J)

13/09/2016 11:49am

UK Regulatory


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TIDMCRU

RNS Number : 6948J

Coral Products PLC

13 September 2016

Coral Products plc

("Coral or the "Company")

Grant of options to a Director and employees

Coral Products plc, a specialist in the design, manufacture and supply of injection moulded plastic products based in Haydock, Merseyside announces that Roberto Zandona, a Director of the Company, has been granted 1,156,069 options ("EMI Options") over ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares") under the 2014 EMI Share Option Scheme and a further 843,931 options ("Unapproved Options") over Ordinary Shares under an Unapproved Scheme.

In addition, a further 550,000 EMI Options have been granted to 4 current senior management employees.

The EMI Options and Unapproved Options have an exercise price of 21.625 pence per ordinary share, being the closing mid-market price per ordinary share on 12 September 2016, and are exercisable between 13 September 2018 and 12 September 2026, after which they will lapse.

Following the grant of the Options Roberto Zandona has the following options over Ordinary Shares:

 
 Director           Option Scheme        Number        Option exercise   Expiry date 
                                          of options    price 
-----------------  -------------------  ------------  ----------------  ------------------ 
                    2014 Employee 
                     Share Option 
 Roberto Zandona     Scheme              1,156,069     21.625p           12 September 2026 
  Unapproved Scheme                      843,931       21.625p           12 September 2026 
 -------------------------------------  ------------  ----------------  ------------------ 
 

Following the grant of these options, the total number of options to subscribe for new ordinary shares in the Company held by all Directors and employees is 4,100,000 representing 5% of the issued share capital of the Company.

Enquiries:

 
 Coral Products plc             Tel: 07703 518 148 
 Joe Grimmond, Chairman 
 
 Cairn Financial Advisers LLP   Tel: 020 7148 7900 
 Nominated Adviser 
 Tony Rawlinson / Liam Murray 
 
 Daniel Stewart & Company plc   Tel: 020 7776 6550 
 Broker 
 David Lawman 
 
 Capital Markets Consultants    Tel: 07515 587 184 
  Limited 
 PR 
 Richard Pearson 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCAKNDQKBKDACD

(END) Dow Jones Newswires

September 13, 2016 06:49 ET (10:49 GMT)

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