Director Shareholding
04 December 2003 - 2:33AM
UK Regulatory
RNS Number:8261S
Net b2b2 PLC
03 December 2003
FOR IMMEDIATE RELEASE
NETB2B2 PLC ('THE COMPANY')
Grant of Options under the Company Share Option Plan
The Company announces that on 2 December 2003 it granted options ("Options")
under its Company Share Option Plan over ordinary shares in the Company at an
option price of 0.55p per share to the following Directors:
Name of Director Number of Shares
Keith Young 9,750,000
Andrew Gannon 9,750,000
Geoffrey Griggs 9,750,000
James Andrews 725,000
Timothy Childs 1,750,000
The relevant Directors have waived their previous option entitlements as set out
below.
Name of Director Number of Shares
Keith Young 4,500,000
Andrew Gannon 7,500,000
Geoffrey Griggs 7,500,000
James Andrews 550,000
Timothy Childs 750,000
These options are normally exercisable between 2 and 10 years from the date of
grant (or earlier at the discretion of the Board). Options granted to Keith
Young, Andrew Gannon and Geoffrey Griggs have been granted under the provisions
of the Enterprise Management Incentive Scheme ("EMI") to take advantage of the
favourable tax treatment offered by the Scheme.
3 December 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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