Grant of Share Options (2948F)
April 20 2011 - 10:45AM
UK Regulatory
TIDMILX
RNS Number : 2948F
ILX Group PLC
20 April 2011
ILX Group PLC
("ILX" or the "Group")
GRANT OF SHARE OPTIONS
ILX Group plc (AiM: ILX), announces that additional share
options have today been granted to Ken Scott and Jon Pickles in
respect of remuneration sacrificed during the 2010/11 financial
year. The options granted are zero cost options over the Company's
ordinary shares of 10p each, and have been calculated using the
26.5p price at which Octopus invested GBP900,000 in November
2010.
Ken Scott sacrificed GBP90,348 during the year and has therefore
been granted options over 340,936 shares. Jon Pickles sacrificed
GBP24,267 during the year and has therefore been granted options
over 91,574 shares.
Following these grants, the Directors have the following shares
under option:
%age of issued share
Options held capital
Ken Scott 1,505,936 5.6%
------------- ---------------------
Jon Pickles 651,574 2.4%
------------- ---------------------
Eddie Kilkelly 320,000 1.2%
------------- ---------------------
TOTAL 2,477,510 9.2%
------------- ---------------------
The options above have been granted over shares issued to the
Company's medium term incentive trust which currently holds
1,930,981 ordinary shares and hence are dilutive only to the extent
that they exceed that figure.
20 April 2011
For further information, please contact:
ILX Group plc 020 7751 7100
Ken Scott, Chief Executive
FinnCap 020 7600 1658
Marc Young, Charlotte Stranner - Corporate
Finance
Tom Jenkins, Joanna Weaving - Corporate
Broking
Lothbury Financial Services Limited 020 7868 2010
Michael Padley / Chris Roberts
This information is provided by RNS
The company news service from the London Stock Exchange
END
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