LCL offers employees share options @ 15,7 cents
25/6/2002 10:10
LCL’s board, acting within the framework of the EGM decision of 14 May 1999, and pursuant to the terms of the Share Option Scheme (SOS) for the staff, as approved by the Board on 14 May 1999 and included in the prospectus of the company issued at for the listing of LCL’s shares on the CSE, has decided to offer the staff of Louis Cruise Lines Ltd, who are beneficiaries of the Share Option Scheme, the option to acquire shares. Each option corresponds to one share with a nominal value of £0,10 each. The exercise price of the share option has been set at 15,7 cents in accordance with the provisions of the Scheme.
The maximum number of Louis Cruise Lines shares that may be issued under the Share Option Scheme is 6.8 million and will be issued on a pro rata basis according to the number of shares in issue. The company will take all the necessary steps to list the new shares on the CSE.
The final exercise date of the share option is 1 July 2002.
The maximum number of Louis Cruise Lines shares that may be issued under the Share Option Scheme is 6.8 million and will be issued on a pro rata basis according to the number of shares in issue. The company will take all the necessary steps to list the new shares on the CSE.
The final exercise date of the share option is 1 July 2002.
