Northbridge Industrial Services PLC Option awards (6507W)

TIDMNBI

RNS Number : 6507W

Northbridge Industrial Services PLC

18 April 2019

18 April 2019

Northbridge Industrial Services Plc

("Northbridge" or the "Group")

Grant of options

The Group announces that Eric Hook (Chief Executive), Ian Gardner (Tasman Managing Director) and Iwan Phillips (Finance Director) were today granted options over a total of 135,000 ordinary shares of 10p each as detailed below:

 
 
                                           Number                            Exercise 
                                            of options                        Price 
Director        Scheme                      Granted     Exercise period       (p) 
                Unapproved Share Options 
Eric Hook        Scheme                    75,000       18/04/22 - 18/04/29  157.50 
                Unapproved Share Options 
Ian Gardner      Scheme                    30,000       18/04/22 - 18/04/29  157.50 
                Unapproved Share Options 
Iwan Phillips    Scheme                    30,000       18/04/22 - 18/04/29  157.50 
 

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

 
 
Director        Scheme                            Number of options 
Eric Hook       Unapproved Share Options Scheme   952,190 
 Schedule 4 CSOP Share Options 
  Scheme                                          29,411 
Ian Gardner     Unapproved Share Options Scheme   166,000 
Iwan Phillips   Unapproved Share Options Scheme   67,966 
 Schedule 4 CSOP Share Options 
  Scheme                                          28,034 
 

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

-Ends-

For further information

Northbridge Industrial Services Plc 01283 531645

Eric Hook, Chief Executive Officer

Iwan Phillips, Finance Director

   Stockdale Securities Limited (Nominated Adviser and Broker)                        020 7601 6100 

Robert Finlay / Antonio Bossi / Henry Willcocks

Buchanan Communications 020 7466 5000

Charles Ryland / Stephanie Watson/ Catriona Flint

About Northbridge:

Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, The Middle East, Belgium, Germany, France, Australia, New Zealand, Singapore, China, Brazil and South Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers, and oil tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Australia, Belgium, New Zealand 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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April 18, 2019 06:28 ET (10:28 GMT)