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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
London Asia | LSE:LDC | London | Ordinary Share | GB0008251513 | 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% | 2.85 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3042P London Asia Capital PLC 26 July 2005 For immediate release: 26 July 2005 LONDON ASIA CAPITAL PLC ("London Asia" or the "Company") Issue of Options Following the approval of shareholders at the Annual General Meeting earlier this year, the Board of London Asia has allocated options over ordinary shares to directors and employees of the Company as set out below. Simon Littlewood and Victor Ng, the Company's two executive directors, and Jack Wigglesworth and George Allnutt, non executive Chairman and non executive Director respectively, have each been allocated 500,000 options, of which half are exercisable at 20 pence per share, and half at 25 pence per share. None of these options can be exercised for a period of twelve months and all are conditional on continued employment with the Company. David Brewer, recently appointed non executive Director, has been allocated 250,000 options, half of which are exercisable at 20 pence per share and half at 25 pence. These cannot be exercised for a period of twelve months and are conditional on his continued employment with the Company. Senior management, staff and consultants have been allocated 8,250,000 options, of which 2,125,000 are exercisable at 20 pence per share, and 6,125,000 options are exercisable at 25 pence. These cannot be exercised for a period of twelve months, and those issued to employees are conditional on their continued employment with the Company and achieving pre-agreed performance targets. All of the options granted are valid for a period of five years from date of allocation. Simon Littlewood, Chief Executive of London Asia, commented: "This year has seen a significant increase in the level of activity for the business as we have continued to expand our operations. Part of this expansion included opening a new office in Qingdao, a significant expansion of our Beijing and Wuhan operations, and a new office in Germany to service our important energy and environment business in China. With an increase in the number of employees it is important to keep employment overheads under tight control, and our policy has been to remunerate our directors and employees through incentive based option packages. The award of options is always based on performance with the exercise price at a significant premium to market price at the time of issue. The issue of these options ensures that the interests of management and employees are aligned with the interests of shareholders in growing the business." For further information please visit www.londonasia.com or contact: Simon Littlewood, Chief Executive Jeremy Carey/John West London Asia Capital Tavistock Communications Tel: 020 7248 7578 Tel: 020 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange END RDSFQLFLEDBBBBL
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