Northbridge Industrial Services PLC Grant of options (6432K)

TIDMNBI

RNS Number : 6432K

Northbridge Industrial Services PLC

20 April 2015

Northbridge Industrial Services Plc

(the "Group")

Grant of options

The Group announces that, on 17 April 2015, Eric Hook (Chief Executive), Craig Robinson (Finance Director) and Ian Gardner (Regional Managing Director) were granted options over a total of 90,000 ordinary shares of 10p each as detailed below:

 
 
                                       Number                          Exercise 
                                        of options                      Price 
 Director          Scheme               Granted      Exercise period    (p) 
                   Unapproved Share                  17/04/18 - 
 Eric Hook          Options Scheme     50,000         17/04/25         377.5 
                   Unapproved Share                  17/04/18 - 
 Craig Robinson     Options Scheme     20,000         17/04/25         377.5 
                   Unapproved Share                  17/04/18 - 
 Ian Gardner        Options Scheme     20,000         17/04/25         377.5 
 

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

 
 
                                             Number of options 
 Director          Scheme                     Granted 
                   Unapproved Share 
 Eric Hook          Options Scheme           699,986 
  Approved Share Options 
   Scheme                                    6,615 
                   Unapproved Share 
 Craig Robinson     Options Scheme           93,342 
  Approved Share Options 
   Scheme                                    12,658 
                   Unapproved Share 
 Ian Gardner        Options Scheme           76,000 
 

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

For further information

Northbridge Industrial Services plc 01283 531645

Eric Hook, Chief Executive Officer

Craig Robinson, Finance Director

Westhouse Securities Limited (Nominated Adviser and Broker)

020 7601 6100

Robert Finlay/Antonio Bossi /Henry Willcocks

Buchanan Communications 020 7466 5000

Charles Ryland / Stephanie Watson

About Northbridge:

Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, generators, compressors and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium 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

RDSDGGDSSSBBGUC