Northbridge Industrial Services PLC Grant of options (3882E)

TIDMNBI

RNS Number : 3882E

Northbridge Industrial Services PLC

08 May 2017

8 May 2017

Northbridge Industrial Services Plc

("Northbridge" or the "Group")

Grant of options

The Group announces that, on 5 May 2017, Eric Hook (Chief Executive), Ian Gardner (Tasman Managing Director) and Iwan Phillips (Finance Director) were granted options over a total of 90,000 ordinary shares of 10p each as detailed below:

 
 
                                                                          Exercise 
                                           Number of         Exercise      Price 
Director        Scheme                      options Granted   period       (p) 
                Schedule 4 CSOP Share                        05/05/20 
Eric Hook        Options Scheme            29,411             - 05/05/27  102 
                Unapproved Share Options                     05/05/20 
Eric Hook        Scheme                    20,589             - 05/05/27  102 
                Unapproved Share Options                     05/05/20 
Ian Gardner      Scheme                    20,000             - 05/05/27  102 
                Schedule 4 CSOP Share                        05/05/20 
Iwan Phillips    Options Scheme            20,000             - 05/05/27  102 
 

Following the grant of options outlined above, Eric Hook, Ian Gardner and Iwan Phillips have options over the following ordinary shares:

 
 
Director        Scheme                     Number of options 
                Unapproved Share Options 
Eric Hook        Scheme                    827,190 
 Schedule 4 CSOP Share 
  Options Scheme                           29,411 
                Unapproved Share Options 
Ian Gardner      Scheme                    116,000 
                Unapproved Share Options 
Iwan Phillips    Scheme                    48,879 
                Schedule 4 CSOP Share 
Iwan Phillips    Options Scheme            27,121 
 

Apart from the above grants, the directors' holdings of ordinary shares and share options remain unchanged and as previously announced.

-Ends-

For further information

Northbridge Industrial Services Plc 01283 531645

Eric Hook, Chief Executive Officer

Iwan Phillips, Finance Director

   Stockdale Securities Limited (Bookrunner, Nominated Adviser and Broker)   020 7601 6100 

Robert Finlay / Antonio Bossi / Henry Willcocks

Buchanan Communications 020 7466 5000

Charles Ryland / Stephanie Watson/ Catriona Flint

About Northbridge:

Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, Dubai, Belgium, Germany, France, Australia, New Zealand, Singapore, China, Brazil and South Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers and oil tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers, by the acquisition of companies in the UK, Dubai, Australia, Belgium, New Zealand and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 08, 2017 02:00 ET (06:00 GMT)