Issue of Options and Settlement (6998C)
10 March 2011 - 8:41PM
UK Regulatory
TIDMEVN
RNS Number : 6998C
Environ Group (Investments) PLC
10 March 2011
Environ Group (Investments) plc
("Environ Group" or the "Company")
Issue of Options and Settlement
Environ Group, the AIM quoted support services and fire
prevention specialists, announces that on 9 March 2011, it entered
into a settlement agreement with Neil McGowan and Rangedetail
Limited in respect of amounts payable to Mr McGowan following the
termination of his appointment as a non-executive director of the
Company (details of which were announced on 2 February 2010). This
agreement provides for, inter alia, (i) the payment of, in
aggregate, GBP7,800 (net of VAT at 17.5%) to Mr McGowan and (ii)
the granting to Mr McGowan, within 28 business days of the
agreement, of an option to subscribe for 400,000 ordinary shares of
1 pence each ("Ordinary Shares") at an exercise price of 5 pence
per Ordinary Share, exercisable up to and including 30 April
2014.
--END--
For further information, please contact:
Environ Group (Investments) plc
Mark Sims - Chief Executive Officer
Tel: +44 (0) 01782 826939
Nominated Adviser:
Grant Thornton Corporate Finance
Gerry Beaney/Daniela Amihood
Tel: +44 (0) 20 7383 5100
Broker:
Seymour Pierce
Jeremy Stephenson
Tel: +44 (0) 20 7107 8000
Financial PR:
Bishopsgate Communications
Natalie Quinn
Tel: +44 (0)20 7562 3358
This information is provided by RNS
The company news service from the London Stock Exchange
END
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