|
Regulatory News Service
EMI Group plc
Director's Shareholding
In compliance with Disclosure and Transparency Rule 3.1.4, and following the offer (the Offer) by Maltby Limited to acquire the whole of the issued and to be issued share capital of EMI Group plc (the Company) being declared unconditional in all respects on 17th August 2007, the Company announces that an option granted to Eric Nicoli, an Executive Director, under the HM Revenue & Customs approved part of the Company's 1995 Executive Share Option Scheme (ESOS) was exercised on 20th August 2007 as a consequence of the change of control of the Company resulting from the Offer. Details regarding such option are set out below:
|
Scheme |
Type of award |
Grant date |
No. of shares granted |
Exercise price per share |
No. of shares acquired on exercise |
|
ESOS |
Option |
21.6.02 |
12,330 |
243.3p |
12,330 |
The shares resulting from the exercise of the option have been tendered to the Offer. Mr Nicoli will receive 265p in cash for each share acquired on 20th August 2007 on the exercise of the option. This sum, less the exercise price, will be paid to Mr Nicoli in due course, in accordance with the terms of the Offer. |