Director Shareholding
01 Juli 2003 - 6:07PM
UK Regulatory
RNS Number:0303N
South Staffordshire Water PLC
01 July 2003
Grant of Executive Options
It is announced that on 1 July 2003 options over ordinary shares of 10p each
were granted as follows to directors of South Staffordshire Water PLC under the
South Staffordshire Group Plc 2001 Executive Share Option Plan:
Number of Option Price Total Number of
Shares over (being closing Shares over
which Option price on 30 which Options
Granted June 2003) now Held
Brian Whitty 80,000 #4.70 401,024
David Penna 55,000 #4.70 300,027
Jack Carnell 15,000 #4.70 54,507
Adrian Page 22,000 #4.70 165,524
Elizabeth Swarbrick 10,000 #4.70 48,010
In accordance with the Plan Rules, the options will be exercisable between 1
July 2006 and 1 July 2013 but it will only be possible to exercise them to their
full extent if annual average growth in earnings per share of RPI + 10% is
achieved. In addition, directors will not be entitled to exercise their options
unless they hold shares equal to 50% (for Mr Whitty and Mr Penna) or 25% of the
options granted.
This information is provided by RNS
The company news service from the London Stock Exchange
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