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ARX Aerobox

0.47
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aerobox LSE:ARX London Ordinary Share GB0032654427 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% 0.47 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Director/PDMR Shareholding

16/12/2005 2:19pm

UK Regulatory


RNS Number:8174V
AeroBox plc
16 December 2005


                          AeroBox plc ("the Company")
                                        
                            Directors' Share Options

On 15 December 2005, the Board of Directors of AeroBox plc awarded Unapproved
Share Options to acquire Ordinary Shares of #0.01 each in the Company at 6p to
the following directors:

Charles Edwards           1,333,500 options
Ray Gibbs                 1,666,667 options

The ability for Mr Edwards to exercise his options is dependant upon achieving 3
key performance targets based on budgeted EBITDA (Earnings before Interest, Tax,
Depreciation and Amortisation), margin improvement and production efficiency for
the US subsidiary AeroBox Composite Structures, LLC. ("ACS") in the fiscal year
to 31st December 2006. If ACS achieves any of the targets Mr Edwards will be
entitled to exercise 33.3 per cent. of his options and the entitlement to
exercise will then expire on 15th December 2015 Under the terms of his
appointment those options granted to Mr Gibbs have no performance criteria
attached and are exercisable from 1st July 2006 until 30th June 2015 inclusive.

The grant of the options is pursuant to the recommendation of the Remuneration
Committee.

ENDS

Enquiries:

Ray Gibbs                    Group Managing Director,      +44 207 929 5599
                             AeroBox plc

David Bick/Trevor Phillips   Holborn                       +44 207 929 5599

Jeremy Porter                Seymour Pierce                +44 207 107 8000

Website:

www.aeroboxplc.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
RDSMGMMZDVVGKZM

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