AFH grants £1m of share options to management

430,000 shares exercisable at 250p each

Julian Marr
clock • 2 min read

The four executive directors of AFH have been granted a total of 210,000 share options under the consolidator company's growth share scheme, with a further 220,000 options going to other members of management.

According to AFH, the shares are all exercisable at 250p per ordinary share - half after three years subject to the satisfaction of performance criteria and the remainder after the fifth anniversary of grant - a total of £1.075m. AFH chief executive officer Alan Hudson (pictured) has been granted 125,000 new share options, taking his total number to 475,000, which is equivalent to 1.26% of current issued share capital (assuming the new ordinary shares issued pursuant to the placing announced yesterday are admitted to trading on AIM). Chief financial officer Paul Wright's total options...

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