Grant of Options
September 16 2004 - 10:20AM
UK Regulatory
RNS Number:0406D
Entertainment Rights PLC
16 September 2004
16 September 2004
ENTERTAINMENT RIGHTS PLC
Grant of Options
On 15 September 2004, Entertainment Rights plc (the "Company") granted the following options under the Company's
Unapproved Share Option scheme representing 1.7 per cent. of the Ordinary Shares currently in issue, to the following
directors:
Director Number of Ordinary Shares over Total number of Ordinary Shares over which options
which options granted held following this notification
Mike Heap 2,500,000 7,882,857
Jane Smith 2,000,000 5,640,000
Elizabeth Gaines 2,500,000 3,500,000
The exercise price of the new options detailed above is 10.75p being the closing price of the Ordinary Shares on the day
preceding the date of grant. The options are exercisable from 15 September 2007 to 14 September
2014, subject to the achievement of the following performance criteria:
1/3 of the Ordinary Shares under option if the average annual percentage increase in the Company's earnings per share
over the 3 financial years following the date of grant is at least equal to the average annual percentage growth in
the Retail Price Index plus 5 per cent;
1/3 of the Ordinary Shares under option if the average annual percentage increase in the Company's earnings per share
over the 3 financial years following the date of grant is at least equal to the average annual percentage growth in
the Retail Price Index plus 7.5 per cent; and
1/3 of the Ordinary Shares under option if the average annual percentage increase in the Company's earnings per share
over the 3 financial years following the date of grant is at least equal to the average annual percentage growth in the
Retail Price Index plus 10 per cent.
For further details please contact:
Julian Paul Chairman of the Remuneration Committee 020 8762 6200
Paul Ashworth Group Financial Controller 020 8762 6200
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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