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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ultimate Fin. | LSE:UFG | London | Ordinary Share | GB0031685414 | 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% | 25.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUFG RNS Number : 7905A Ultimate Finance Group PLC 14 October 2009 14 October 2009 Ultimate Finance Group plc ("Ultimate Finance" or the "Company") Grant of Options Ultimate Finance announces that on 21 September 2009 a total of 275,000 options over ordinary shares of 5 pence each (the "Options") were granted to certain Directors, pursuant to the Employee Share Scheme. The Options are exercisable at 13 pence per share, equal to the closing market price on 18 September 2009 and will vest at any time between the 31 October 2010 and 21 September 2016, given at least one of the following two conditions (the "Conditions") occur: Either: 1) The percentage growth in the adjusted EPS of the Company averages 10% or more over the previous three years, or 2) There is a 50% or more improvement in the adjusted EPS compared to the previous year at which point the Options shall become exercisable in respect of 100% of the Shares over which they subsist. These conditions were agreed by the Board on the 1 October 2009. The Options have been granted as follows: +--------------------+-------------------------+ | | Number of options | +--------------------+-------------------------+ | Richard Pepler | 125,000 | +--------------------+-------------------------+ | Jeremy Coombes | 100,000 | +--------------------+-------------------------+ | Shane Horsell | 50,000 | +--------------------+-------------------------+ In addition, as per the Company's final results announcement of 17 September 2009, a total of 360,000 existing share options have been cancelled (the "Cancelled Options") and replaced with 360,000 new options over ordinary shares of 5 pence each (the "Reissued Options"), granted to the holders of the existing share options. The Reissued Options are exercisable at 13 pence per share, equal to the closing market price on 18 September 2009 and will vest at any time between the 31 October 2010 and 21 September 2016, subject to the same Conditions as the Options, described above. Of the 360,000 Cancelled Options, 285,000 were held by certain Directors as per the table below, the remaining 75,000 were held by other key staff within the business. +-------------------+--------------------+--------------------+----------------+ | | Award date | Number of options | Exercise price | +-------------------+--------------------+--------------------+----------------+ | Jeremy Coombes | 29/09/2004 | 50,000 | 17.5p | +-------------------+--------------------+--------------------+----------------+ | Jeremy Coombes | 13/04/2005 | 25,000 | 21p | +-------------------+--------------------+--------------------+----------------+ | Jeremy Coombes | 28/11/2003 | 25,000 | 23p | +-------------------+--------------------+--------------------+----------------+ | Richard Pepler | 29/09/2004 | 50,000 | 17.5p | +-------------------+--------------------+--------------------+----------------+ | Richard Pepler | 13/04/2005 | 25,000 | 21p | +-------------------+--------------------+--------------------+----------------+ | Richard Pepler | 28/11/2003 | 25,000 | 23p | +-------------------+--------------------+--------------------+----------------+ | Shane Horsell | 15/03/2006 | 75,000 | 23.75p | +-------------------+--------------------+--------------------+----------------+ | Shane Horsell | 29/09/2006 | 10,000 | 23p | +-------------------+--------------------+--------------------+----------------+ In summary, the Reissued Options have been granted as follows: +---------------------------+-------------------------+ | | Number of options | +---------------------------+-------------------------+ | Jeremy Coombes | 100,000 | +---------------------------+-------------------------+ | Richard Pepler | 100,000 | +---------------------------+-------------------------+ | Shane Horsell | 85,000 | +---------------------------+-------------------------+ | Other key staff | 75,000 | +---------------------------+-------------------------+ Enquiries: Ultimate Finance Group plc +------------------------------------+------------------+ | Richard Pepler, Chief Executive | 0845 251 3031 | +------------------------------------+------------------+ | Clive Garston, Chairman | | +------------------------------------+------------------+ Nominated adviser: Arbuthnot Securities +------------------------------------+------------------+ | John Prior / Paul Gillam | 020 7012 2000 | +------------------------------------+------------------+ This information is provided by RNS The company news service from the London Stock Exchange END RDSBUBDGBSBGGCS
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