Director/PDMR Shareholding
10 December 2007 - 10:42PM
UK Regulatory
RNS Number:5476J
Local Radio Company PLC (The)
10 December 2007
Local Radio Company PLC (The) - Director/PDMR Shareholding
10 December 2007
The Local Radio Company plc
Grant of options
The Local Radio Company plc announces that on 10 December 2007, options over
ordinary shares of 4p each were granted to the following directors for nil
consideration:
Name Shares under Exercise price Date from Expiry date Total number of
option (p) which shares over which
exercisable options are now
held
Richard Wheatly 580,000 0.23 10/12/2010 09/12/2017 1,412,317
Alistair Mackenzie 400,000 0.23 10/12/2010 09/12/2017 1,022,964
The following performance conditions are attached to the options:
In relation to the option price at time of grant, the average share price over
the two month period preceding the vesting date must have increased over the
three year period by 15% per annum on a compound basis.
Enquiries:
Alistair Mackenzie 01494 435264
Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
END
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