Monday 2nd August 2010
Universe (AIM:UNG.L) announces that share options ("Options") to subscribe for ordinary shares of 5p each in the Company ("Shares") have today been granted to each of the Directors and to members of the senior management team. In addition, certain options previously granted to the Directors have been cancelled in order to allow the granting of options to a wider group of management and provide the senior management team with a long term incentive scheme based upon delivering shareholder value. Changes in the number of options held by each of the Directors are set out below:
Director | Options Granted | Options Cancelled | Resultant Total
|
| Paul Cooper | 1,000,000 | 1,250,000 | 1,000,000 |
| Robert Smeeton | 750,000 | - | 750,000 |
John Scholes
| 750,000
| 1,250,000 | 750,000 |
Malcom Coster
| 500,000 | - | 500,000 |
The above Options were granted under the Company's EMI and Unapproved Share Option Schemes, and are zero cost options with a 3 year vesting period. The Options may be exercised only if the Company's share price is at or above 5 pence per share. The Options expire on the tenth anniversary of grant.
The Company expects to announce its Interim Results for the six months ended 30 June 2010 on 30 September 2010.
For further information, please contact:
Universe PLC - John Scholes, Chairman or Paul Cooper, Chief Executive T: 02380 689 510
Arbuthnot Securities (Nominated Advisor) - Tom Griffiths T: 02070 122 000
Tavistock Communications - John West or Andrew Dunn T: 02079 203 150