Grant of options
24 Juli 2006 - 7:12PM
UK Regulatory
RNS Number:6569G
United Carpets Group plc
24 July 2006
United Carpets Group plc
Grant of options
United Carpets Group plc ("the Company") announces that on 20 July 2006 it
granted options under its Share Option Scheme (adopted on 10 February 2005) over
a total of 1,428,571 ordinary shares in the capital of the Company at an
exercise price of 8.75 pence per share to Ian Bowness, a director of the
Company.
These options are normally exercisable between the third and tenth anniversaries
of the date of grant, subject to the satisfaction of a performance condition.
The condition requires the growth in earnings per share of the Company over the
period of three financial years commencing with the financial year ending 31
March 2007 to exceed by at least 3 per cent per annum the growth in the Retail
Prices Index (all items) over the same period. The performance condition will
not apply in the event of a take-over of the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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