RNS Number : 8152R
Arden Partners plc
26 September 2017
 

Arden Partners plc ("Arden" or the "Company")

 

Grants of Options

 

Arden Partners plc (AIM: ARDN.L), announces that further to the appointment of Donald Brown as Chief Executive and other Board changes announced on 25th May 2017, on 20th September 2017 the Board of Arden has granted options over ordinary shares of 10p each ("Ordinary Shares") pursuant to the Arden Partners Employee Share Option Plan 2013 ("Options") to the following Executive Directors:

 

Director

No. of Options over Ordinary Shares

Donald Brown

1,334,000

James Reed-Daunter

500,000

 

The Options have an exercise price of 43 pence each and become exercisable in three equal annual tranches, from 20th September 2018 to 20th September 2020, subject to the achievement of various performance related conditions.

 

In addition to his Options, Mr Brown holds 200,000 Ordinary Shares, representing approximately 0.63% of the issued Ordinary Shares. 

 

In addition to his Options, Mr Reed-Daunter holds 2,553,644 Ordinary Shares, representing approximately 8.08% of the issued Ordinary Shares. Mr Reed-Daunter also holds options over a further 500,000 Ordinary Shares which were granted to him in July 2013. 

 

Enquiries:

 

Arden Partners plc              

                    0121 423 8993

Steve Wassell - Company Secretary

   

 

 

 

GCA Altium

                    020 7484 4040

Sam Fuller

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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