Coral Products PLC Grant of options to a Director and employees (6948J)
13 September 2016 - 11:49AM
UK Regulatory
TIDMCRU
RNS Number : 6948J
Coral Products PLC
13 September 2016
Coral Products plc
("Coral or the "Company")
Grant of options to a Director and employees
Coral Products plc, a specialist in the design, manufacture and
supply of injection moulded plastic products based in Haydock,
Merseyside announces that Roberto Zandona, a Director of the
Company, has been granted 1,156,069 options ("EMI Options") over
ordinary shares of 1 pence each in the share capital of the Company
("Ordinary Shares") under the 2014 EMI Share Option Scheme and a
further 843,931 options ("Unapproved Options") over Ordinary Shares
under an Unapproved Scheme.
In addition, a further 550,000 EMI Options have been granted to
4 current senior management employees.
The EMI Options and Unapproved Options have an exercise price of
21.625 pence per ordinary share, being the closing mid-market price
per ordinary share on 12 September 2016, and are exercisable
between 13 September 2018 and 12 September 2026, after which they
will lapse.
Following the grant of the Options Roberto Zandona has the
following options over Ordinary Shares:
Director Option Scheme Number Option exercise Expiry date
of options price
----------------- ------------------- ------------ ---------------- ------------------
2014 Employee
Share Option
Roberto Zandona Scheme 1,156,069 21.625p 12 September 2026
Unapproved Scheme 843,931 21.625p 12 September 2026
------------------------------------- ------------ ---------------- ------------------
Following the grant of these options, the total number of
options to subscribe for new ordinary shares in the Company held by
all Directors and employees is 4,100,000 representing 5% of the
issued share capital of the Company.
Enquiries:
Coral Products plc Tel: 07703 518 148
Joe Grimmond, Chairman
Cairn Financial Advisers LLP Tel: 020 7148 7900
Nominated Adviser
Tony Rawlinson / Liam Murray
Daniel Stewart & Company plc Tel: 020 7776 6550
Broker
David Lawman
Capital Markets Consultants Tel: 07515 587 184
Limited
PR
Richard Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
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September 13, 2016 06:49 ET (10:49 GMT)