Waterford directors get options windfall
15/12/2005 - 14:05:44As part of Waterford Wedgwood's Share Price Recovery Incentive Plan, the group has granted options over 328,431,342 ordinary shares to certain executive directors and senior managers.
The options have been granted at an exercise price of €0.06 per share, representing a premium of 20% over the closing middle-market price of €0.05 yesterday.
Chairman Tony O’Reilly said: "I am pleased by the new options structure we now have in place, which was approved at this year's Annual General Meeting.
“It ensures the interests of our senior management are even more closely aligned with the business and therefore the interests of all the group's shareholders.
“These options make certain that when Waterford Wedgwood succeeds, so will our senior management.”
