Director Shareholding
25 January 2005 - 7:47PM
UK Regulatory
RNS Number:7509H
Home Entertainment Corporation PLC
25 January 2005
Home Entertainment Corporation PLC ("HEC" or the "Company")
TUESDAY, 25 January 2005 -- The Company was today advised that Iain Muspratt,
Geoffrey Hopkins and Diane Gardner ("Founder Shareholders") have granted options
over a number of their ordinary shares of 5p each in the Company to Anthony
Skitt and Gerard Barclay.
The terms of the options allow Anthony Skitt and Gerard Barclay to acquire the
following number of Founder Shareholders ordinary shares of 5p each in the
Company at no cost, on either of; the completion of five years service, or the
takeover of the business.
Existing Holding Options Granted to Revised Holding*
Anthony Skitt Gerard Barclay
Iain 5,037,272 28% 99,182 66,122 4,871,968 27%
Muspratt
Geoffrey 2,104,562 12% 41,438 27,625 2,035,499 11%
Hopkins
Diane 2,000,000 11% 39,380 26,253 1,934,367 11%
Gardner
*Assuming that the option is exercised in full.
Iain Muspratt commented:
"The Founder Shareholders have granted these options to ensure the smooth
succession of the management of the business and incentivise key executive
directors for the benefit of all shareholders."
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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