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Regulatory Story
Company Northbridge Industrial Services PLC
TIDM NBI
Headline Option awards
Released 11:28 18-Apr-2019
Number 6507W11

RNS Number : 6507W
Northbridge Industrial Services PLC
18 April 2019
 

                                                                                                                        18 April 2019

 

Northbridge Industrial Services Plc

("Northbridge" or the "Group")

 

Grant of options

 

The Group announces that Eric Hook (Chief Executive), Ian Gardner (Tasman Managing Director) and Iwan Phillips (Finance Director) were today granted options over a total of 135,000 ordinary shares of 10p each as detailed below:

Director

Scheme

Number of options Granted

Exercise period

Exercise Price (p)

 

 

Eric Hook

Unapproved Share Options Scheme

75,000

18/04/22 - 18/04/29

157.50

 

Ian Gardner

Unapproved Share Options Scheme

30,000

18/04/22 - 18/04/29

157.50

 

Iwan Phillips

Unapproved Share Options Scheme

30,000

18/04/22 - 18/04/29

157.50

 

 

Following the grant of options outlined above, Eric Hook, Ian Gardner and Iwan Phillips have options over the following ordinary shares:

Director

Scheme

Number of options

 

 

Eric Hook

Unapproved Share Options Scheme

952,190

 

 

Schedule 4 CSOP Share Options Scheme

29,411

 

Ian Gardner

Unapproved Share Options Scheme

166,000

 

Iwan Phillips

Unapproved Share Options Scheme

67,966

 

 

Schedule 4 CSOP Share Options Scheme

28,034

 

 

Apart from the above grants, the directors' holdings of ordinary shares and share options remain unchanged and as previously announced.

-Ends-

 

For further information

 

Northbridge Industrial Services Plc                                                                     01283 531645

Eric Hook, Chief Executive Officer

Iwan Phillips, Finance Director                                                                                       

 

Stockdale Securities Limited (Nominated Adviser and Broker)                        020 7601 6100

Robert Finlay / Antonio Bossi / Henry Willcocks

 

Buchanan Communications                                                                                  020 7466 5000

Charles Ryland / Stephanie Watson/ Catriona Flint

 

About Northbridge:

 

Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, The Middle East, Belgium, Germany, France, Australia, New Zealand, Singapore, China, Brazil and South Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers, and oil tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Australia, Belgium, New Zealand and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.


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