United Kingdom Site
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20 April 2011
Grant of Share Options
ILX Group plc ("ILX" or the "Company", AiM:ILX), announces that additional share options have today been granted to Ken Scott and Jon Pickles in respect of remuneration sacrificed during the 2010/11 financial year. The options granted are zero cost options over the Company’s ordinary shares of 10p each, and have been calculated using the 26.5p price at which Octopus invested £900,000 in November 2010.
Ken Scott sacrificed £90,348 during the year and has therefore been granted options over 340,936 shares. Jon Pickles sacrificed £24,267 during the year and has therefore been granted options over 91,574 shares.
Following these grants, the Directors have the following shares under option:
| Options held | %age of issued share capital | |
|---|---|---|
| Ken Scott | 1,505,936 | 5.6% |
| Jon Pickles | 651,574 | 2.4% |
| Eddie Kilkelly | 320,000 | 1.2% |
| TOTAL | 2,477,510 | 9.2% |
The options above have been granted over shares issued to the Company’s medium term incentive trust which currently holds 1,930,981 ordinary shares and hence are dilutive only to the extent that they exceed that figure.
| ILX Group plc | FinnCap | Lothbury Financial Services Ltd |
| Ken Scott, Chief Executive Tel: 020 7751 7100 |
Corporate Finance Marc Young, Charlotte Stranner Tel: 020 7600 1658 Corporate Broking Tom Jenkins, Joanna Weaving Tel: 020 7600 1658 |
Michael Padley / Chris Roberts Tel: 020 7868 2010 |
