Grant of Options
Gasol plc ("GASOL" or the "Company") announces the following award of options over the Company's ordinary shares.
| Name | Position | Number of Options Awarded | Exercise Price Per Share | Time of Vesting | % of Issued Ordinary Share Capital |
| Rachel June English | Proposed Chief Financial Officer | 300,000 300,000 300,000 300,000 300,000 300,000 600,000 | 15p 15p 25p 35p 25p 35p 75p | 14.4.2008 1.5.2009* 1.5.2009* 1.5.2009* 1.5.2010* 1.5.2010* 1.5.2010* | 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.39% |
| 2,400,000 | 1.54% |
*If Gasol's closing mid-market share price is an average of 50p or above over a continuous period of 30 days before 1 May 2009 then the options marked with an asterisk vest immediately.
If Gasol's closing mid-market share price is at an average of 50p or above over a continuous period of 30 days before May 1 2009, 75p or above over a continuous period of 30 days before 1 May 2010, or 100p or above over a continuous period of 30 days before 1 May 2011, an additional 500,000 options will be granted at an exercise price of 10p per ordinary share.
Each of the options shall be exercisable immediately on vesting and for five years thereafter.
For further information:
Gasol plc
Tel: 020 7290 3300
Soumo Bose, Chief Executive
Uzo Ijewere, Investor Relations
Jefferies International Ltd
Tel: 020 7029 8000
Toby Hayward
Oliver Griffiths
Pelham PR
Tel: 020 7743 6670
Alex Walters
Charles Goodwin
END