Straight PLC Issue of share options (3252L)

TIDMSTT

RNS Number : 3252L

Straight PLC

09 August 2013

 
 Date:        9 August 2013 
 On behalf   Straight plc ("Straight" or "the Group") 
  of: 
 Embargoed until: 0700hrs 
 

Straight plc

Issue of share options

Straight Plc (AIM: STT), the environmental products and services group, announces that on 8 August 2013 the following options over Ordinary Shares of 1p each held by directors were surrendered and granted under the Approved and Unapproved Share Option Schemes as detailed in the table below.

 
                     Surrend-ered   Granted     Total  Exercise  Exercise  Exercise  Exercise  Exercise 
                           8.8.13    8.8.13   options     price     price     price     price     price 
                           at 80p    at 36p  now held       36p       36p       60p       94p    124.5p 
 
Approved options 
 
James Mellor                        250,000   453,719   250,000   100,000    64,223    15,000    24,496 
Mark Halford                        250,000   443,000   250,000   100,000    93,000 
 
Unapproved options 
 
Jonathan Straight         125,000   375,000   500,000   375,000    35,000    90,000 
James Newman               31,250    31,250    58,250    31,250              27,000 
Colin Glass                31,250    31,250    56,250    31,250              25,000 
 

In addition to the options granted to directors, 105,600 Approved options were granted to staff.

-end-

For further information please contact:

 
 Straight plc 
 James Newman, Chairman                 07850 672 727 
  Jonathan Straight, Chief Executive     0113 245 2244 
                                         07977 002 366 
 
 Cenkos Securities 
 Ivonne Cantu (Nomad) 
  Christian Hobart (Sales)              0207 397 8980 
 
 Redleaf Polhill 
 Rebecca Sanders-Hewett                 0207 382 4730 
  Jenny Bahr                             [e-mail] 
 

Notes for editors:

About Straight plc

-- Straight plc provides environmental products and services to both the UK market and overseas.

-- The Group is the UK's leading manufacturer and supplier of specialist kerbside recycling containers, as well as being a key supplier of a broad range of waste and recycling container solutions.

-- Founded in 1993 by the current Chief Executive, Jonathan Straight, the business has since supplied more than 25 million kerbside boxes, baskets and caddies to local authorities across the UK, securing its position as the industry leader.

-- The business operates through two divisions:

- The core Trade Business supplying products in bulk to local authorities, utilities, the waste industry, retailers and other businesses

- The Retail Business supplying a range of proprietary environmentally friendly consumer products directly to the public, often in partnership with a local authority or a utility.

-- Almost two thirds of the products the Group supplies are now produced in Straight's own factory.

-- Straight plc has established diverse overseas sales channels for its products, some of which are manufactured locally to their markets in North America and in Australia. Other markets are serviced from UK production.

-- Straight plc is a founding member of the Social Stock Exchange, an online portal to promote investment in businesses with social or environmental impacts.

Further information about the company and its products can be found at: www.straight.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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