Back to all announcements

DJ Ganapati plc Grant of Options

 
TIDMGANP 
 
3 February 2020 
 
                                 Ganapati plc 
                           ("GPP" or "the Company") 
 
                               Grant of Options 
 
Ganapati plc is pleased to announce that, further to the approval to increase 
the Share Option Scheme to a maximum of 15 per cent of the Company's issued 
shares at the General Meeting of 15 January 2020, it has approved share options 
over a further 817,000 ordinary shares of GBP0.01 par value. This will take the 
options granted by Ganapati plc, and which will be outstanding after the new 
options have been issued, to 3,531,000 shares. 
 
Of the new options, 397,000 are being granted to directors of the Company as 
follows: 
 
Executive director    Number of options   Existing Options   Total Options 
                           granted 
 
Juliet Adelstein           200,000                0             200,000 
 
Nadia Adelstein             77,000              3,000           80,000 
 
Hayato Terai               120,000             30,000           150,000 
 
The options were granted on 15th January 2020. All options are being issued 
with an exercise price of 35p, being the mid closing price on the day of the 
award which was made after trading hours. Options vest immediately at the grant 
award date and are for 10-year term and expire when employee leaves the 
Company. 
 
The Executive Directors currently have the following interests in ordinary 
shares in addition to the options set out above: 
 
Executive director        Position          Number of   % of issued share 
                                             Shares          capital 
 
Juliet Adelstein      Chief Executive        200,000          0.63% 
                          Officer 
 
Nadia Adelstein    Chief Branding Officer    80,000           0.25% 
 
Hayato Terai        Chief Legal Officer      150,000          0.47% 
 
The directors of Ganapati Plc accept responsibility for this announcement. 
 
CORPORATE ADVISER AND CONTACT DETAILS: 
 
Ganapati Plc 
Tony Drury, Chairman 
Telephone: 07973 737284 
 
Juliet Adelstein, Chief Executive Officer 
Telephone: +447493762929 
 
NEX EXCHANGE CORPORATE ADVISER: 
 
Alexander David Securities Limited 
David Scott - Corporate Finance 
James Dewhurst - Corporate Broking 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
 
 
 
END 
 

(END) Dow Jones Newswires

February 03, 2020 07:06 ET (12:06 GMT)