Share Options
15 January 2007
In October 2005 Jelf Group plc announced that it had been successful in establishing an exclusive relationship with a team of employee benefit consultants. This team forms part of the Jelf Employee Benefits offering and focus on an area of corporate pensions restructuring which is in high demand from existing clients. In line with the Agreement made with them in October 2005, Jelf Group plc are very pleased to announce the issue of 490,000 share options to the members of this team.
These options have been issued at the average closing AIM price for the shares for the period 12 December 2006 to 11 January 2007, which was 230p. These options vest on 12 January 2010 and are exercisable for one year.
The Agreement made with this team will result in the issue of further share options, subject to performance conditions being achieved, following the 2007 and 2008 year ends.