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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cinpart | LSE:CINP | London | Ordinary Share | GB00B1YMN108 | 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% | 7.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMCINP
RNS Number : 4983G
Cinpart PLC
02 February 2010
2 February 2010
CINPART PLC
("Cinpart" or the "Company")
Issue of Options
The Company announces that it has granted the following share options (the
"Options") to Philip Palmer (Non-Executive Chairman), Christopher Foster
(Executive Director) and Kevin Baker (Chief Executive) (together, the
"Directors");
+--------------------------------------------------------------+----------------------------+
| | Number of options |
+--------------------------------------------------------------+----------------------------+
| Philip Palmer | 168,000 |
+--------------------------------------------------------------+----------------------------+
| Christopher Foster | 336,000 |
+--------------------------------------------------------------+----------------------------+
| Kevin Baker | 336,000 |
+--------------------------------------------------------------+----------------------------+
The Options have been issued with an exercise price of 20 pence, being the
closing-middle market price on 1 February 2010, the day prior to the issue of
the Options. The Options vest immediately and are exercisable until 2 February
2020.
Following the issue of the Options, the Directors will hold the following share
options;
+---------------------------+---------------+----------------+------------+-------------+
| | Exercise | Number of | Date | Exercisable |
| | Price (pence) | Options | Granted | Until |
+---------------------------+---------------+----------------+------------+-------------+
| Consortia Trustees** | 20 | 168,000 | 02/02/2010 | 02/02/2020 |
+---------------------------+---------------+----------------+------------+-------------+
| | 1 | 450,000 | 29/06/2007 | 06/06/2017 |
+---------------------------+---------------+----------------+------------+-------------+
| | 7 | 857,142 | 29/06/2007 | 06/06/2017 |
+---------------------------+---------------+----------------+------------+-------------+
| | | | | |
+---------------------------+---------------+----------------+------------+-------------+
| Christopher Foster | 20 | 336,000 | 02/02/2010 | 02/02/2020 |
+---------------------------+---------------+----------------+------------+-------------+
| | 6.375 | 1,823,480 | 22/05/2009 | 22/05/2019 |
+---------------------------+---------------+----------------+------------+-------------+
| | 7 | 357,142 | 29/06/2007 | 06/06/2017 |
+---------------------------+---------------+----------------+------------+-------------+
| | 1 | 500,000 | 29/06/2007 | 06/06/2017 |
+---------------------------+---------------+----------------+------------+-------------+
| | | | | |
+---------------------------+---------------+----------------+------------+-------------+
| Kevin Baker | 20 | 336,000 | 02/02/2010 | 02/02/2020 |
+---------------------------+---------------+----------------+------------+-------------+
| | 6.375 | 1,823,480 | 22/05/2009 | 22/05/2019 |
+---------------------------+---------------+----------------+------------+-------------+
| | 7 | 357,142 | 29/06/2007 | 22/05/2017 |
+---------------------------+---------------+----------------+------------+-------------+
| | | | | |
+---------------------------+---------------+----------------+------------+-------------+
** The options held by Consortia
Trustees Limited are held on behalf of a
discretionary trust, beneficiaries of which
include the family of P E Palmer.
Enquiries:
+---------------------------------------------+----------------------------------------------+
| Cinpart Plc | |
+---------------------------------------------+----------------------------------------------+
| Kevin Baker, Chief Executive | Tel: 020 3176 3033 |
| Christopher Foster, Executive Director | Tel: 020 3176 3031 |
| | |
+---------------------------------------------+----------------------------------------------+
| Merchant John East Securities Limited (Nominated Adviser) |
+--------------------------------------------------------------------------------------------+
| John East/Simon Clements | Tel: 020 7628 2200 |
| | |
+---------------------------------------------+----------------------------------------------+
| Mirabaud Securities LLP (Joint Broker) |
+--------------------------------------------------------------------------------------------+
| Rory Scott | Tel: 020 7878 3360 |
| | |
+---------------------------------------------+----------------------------------------------+
| Rivington Street Corporate Finance Limited (Joint Broker) |
+--------------------------------------------------------------------------------------------+
| Dru Edmonstone | Tel: 020 7562 3389 |
| | |
+---------------------------------------------+----------------------------------------------+
| Hansard Group (Public Relations) | |
+---------------------------------------------+----------------------------------------------+
| Kirsty Corcoran/Justine James | Tel: 020 7245 1100 |
| | |
+---------------------------------------------+----------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSDMGGZRMFGGZM
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