Arcontech has confirmed that chief executive Matthew Jeffs was granted 127,516 options over ordinary shares at an exercise price of 12.5p apiece on 23 December whcih, due to an administrative oversight, was not announced at the time.

The options have been granted as part of his original, pre-agreed, remuneration package at the time of his appointment on 23 April 2013, when he was eligible to be awarded a total of 367,516 options at the prevailing market price at the time, being 12.5p per share.

The outstanding balance of share options, which have been awarded on the same pre-agreed terms, will vest and may be exercised between 1 September 2017 and 31 August 2021, subject to certain performance criteria being met.

Following this option grant Jeffs has a total of 367,516 options over ordinary shares.


At 8:20am: (LON:ARC) Arcontech Group PLC share price was 0p at 53.25p