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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Enter Rights. | LSE:ERT | London | Ordinary Share | GB0008138884 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.08 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7739P Entertainment Rights PLC 18 January 2007 Entertainment Rights Plc Board Promotions and Grant of Share Options Following completion of the acquisition of Classic Media Holdings, Inc. on 11 January 2007, Entertainment Rights plc (the "Company") announces that the Board of Directors of the Company has promoted Elizabeth Gaines, Finance Director and Jane Smith, Commercial Director. Elizabeth Gaines, currently Finance Director of the Company, has been promoted to 'Chief Financial and Operations Director'. In her new role Elizabeth Gaines has taken on additional responsibilities for the financial and operations divisions located in the US. Elizabeth Gaines remains a member of the Company's Board of Directors. Jane Smith, who has been a senior member of the Entertainment Rights team since the inception of the business in 1999, has been promoted to the newly created position of 'Chief Commercial and Creative Director'. As a result of the acquisition of Classic Media, Jane Smith's role has been expanded to take on responsibilities for the commercial and creative divisions located in the US. Jane Smith also remains a member of the Company's Board of Directors. On 17 January 2007, the Company granted the following options under the Company's Unapproved Share Option Scheme representing 0.75% per cent. of the ordinary shares currently in issue, to the following Directors:- Director Number of Ordinary Total number of Ordinary Shares over which Shares over which options options granted held following this notification Mike Heap 2,100,000 11,982,857 Jane Smith 1,800,000 9,190,000 Elizabeth Gaines 1,600,000 6,600,000 The exercise price of the new options detailed above is 30.6p per share being the average closing price of an ordinary shares in the Company over the five dealing days preceding the date of grant. The options are exercisable from 17 January 2010 to 16 January 2017, subject to the achievement of the following performance criteria:- 1/3 of the ordinary shares under option, if the average annual percentage increase in the Company's earnings per share over the 3 financial years commencing with (and including) the date of grant to 31 December 2009 is at least equal to the average annual percentage growth in the Retail Price Index plus 5 per cent; and 1/3 of the ordinary shares under option if the average annual percentage increase in the Company's earnings per share over the 3 financial years commencing with (and including) the date of grant to 31 December 2009 is at least equal to the average annual percentage growth in the Retail Price Index plus 7.5 per cent. 1/3 of the ordinary shares under option if the average annual percentage increase in the Company's earnings per share over the 3 financial years commencing with (and including) the date of grant to 31 December 2009 is at least equal to the average annual percentage growth in the Retail Price Index plus 10 per cent. - Ends - For further details, please contact:- Entertainment Rights plc Julian Paul, Chairman of the Remuneration Committee 020 8762 6200 Paul Ashworth, Group Financial Controller 020 8762 6200 Bell Pottinger Corporate & Financial 020 7861 3232 David Rydell/Sarah Hilyer This information is provided by RNS The company news service from the London Stock Exchange END MSCEASFPFLSXEFE
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