Grant of share options
Sagentia Group plc (AIM:SAG) announces that on 20 March 2014 the Company granted options (‘Options’) over ordinary shares in its share capital to its recently appointed Finance Director, Rebecca Hemsted.
Options over 100,000 ordinary shares have been granted to Ms Hemsted under the Company’s Performance Share Plan.
Each of these Options vest after three years from the date of issue and are exercisable at the nominal value of the share of 1 pence per share for a period of seven years from vesting, provided that certain performance conditions have been satisfied. Up to 50 per cent. of the Options may vest subject to the achievement of Earnings per Share growth targets in each of the three financial years 2014-2016. Up to a further 50 per cent. of the Options may vest subject to achievement of a Total Shareholder Return target over a three year period.
Save for the above, the Directors' beneficial interests in the share capital of the Company remain unchanged and as previously announced.