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Investors + Media Announcements 2008 Grant of Options Pursuant to AusGroup Employee Share Option Scheme 2007
Investors + Media Announcements 2008 Grant of Options Pursuant to AusGroup Employee Share Option Scheme 2007
Grant of Options Pursuant to AusGroup Employee Share Option Scheme 2007
13 October 2008
Pursuant to Rule 704(27) of the Listing Manual, the board of directors of Ausgroup Limited (the 'Company') wishes to announce that on 13 October 2008, the Company has made an offer on the grant of options under the Ausgroup Employee Share Option Scheme 2007.
Details of the grant of options are as follows:
| (a) | Date of grant | 13 October 2008 |
| (b) | Exercise price of options granted | S$0.22 |
| (c) | Number of options granted | 6,550,000 |
| (d) |
Market price of shares (last done price) on the date of grant | $S0.185 |
| (e) |
Number of options granted to directors and controlling shareholders (and their associates), if any | 3,000,000 options granted to Managing Director / CEO Mr John Fitzgerald Boyd Sheridan. No options were granted to other directors and controlling shareholders (and their associates) of the Company |
| (f) | Validity period of the options | 10 years from date of grant |
