Issue of warrants
March 24 2003 - 9:42AM
UK Regulatory
RNS Number:1146J
Springboard PLC
24 March 2003
SPRINGBOARD PLC
DIRECTORS' INTERESTS
24 March 2003
The Company announces that it has today granted warrants over 1,100,000 ordinary
shares in aggregate to the following directors, under the Springboard Warrant
Scheme:
S J Ross 300,000
S M Smith 500,000
G S Downes 300,000
In accordance with the rules of the Scheme, the exercise price is 80p per share,
being the average of the middle market quotation of an ordinary share for the
five consecutive dealing days prior to the date of grant, as derived from the
Daily Official List. The warrants are exerciseable between three and ten years
from the date of grant, subject to the satisfaction of performance criteria.
In addition to the above warrants, the above directors have the following
beneficial interests in the capital of the company.
Number of Percentage Existing warrants Exercise price
over shares
shares of issued share of existing warrants
capital
S J Ross 1,419,000 10.79 540,000 340p
S M Smith 89,000 0.68 500,000 265p
G S Downes 205,000 1.56 340,000 340p
This information is provided by RNS
The company news service from the London Stock Exchange
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