LitComp Plc - Grant of Options

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Tue Jan 22, 2008 9:24am EST 

RNS Number:2975M
LitComp Plc
22 January 2008


FOR IMMEDIATE RELEASE                                           22 JANUARY 2008


                                   LITCOMP PLC
                                      (AIM)
                         ("LitComp" or "the Company")


                             ISSUE OF SHARE OPTIONS


The Board of LitComp, a provider of After the Event Insurance and a national
supplier of medico-legal reports, announces that in accordance with the Senior
Executive Share Incentive Scheme dated 16th November 2005, J. Smart, R. Smart
and P. A. Lavender have been allocated a total of 700,000 share options at 30
pence per share.

These options became available to the aforementioned executives upon Elite
Insurance Company Limited reporting audited net profit before tax of £1.518
million for the year ending 31st March 2007.

Options Issued to Directors on the 21st January 2008

J. A. Smart                                      291,655
P. A. Lavender                                   116,690

Options Issued to Non- Directors on the 21st January 2008

R. Smart                                         291,655

Directors Holdings after Issue of Options (Ordinary 10p Shares)

J.A. Smart                                       866,767
P.A. Lavender                                        500
D.A. Smith                                        16,393
Dr. C. H. Nemeth

Convertible 10% £1 Loan Notes

J.A. Smart                                        82,500
P.A. Lavender                                     17,500
D.A. Smith
Dr. C. H. Nemeth                                   5,000

Share Options

J.A. Smart                                       401,655
P.A. Lavender                                    196,690
D.A. Smith                                        30,000
Dr. C. H. Nemeth                                  20,000


In addition to the 408,345 options issued to the Directors J. Smart and P. A.
Lavender, 291,655 options were issued to LitComp's Group Chief Operating
Officer, R. Smart, who is not a Director of the Company.



                                    --ENDS--




Enquiries:

LITCOMP PLC
Jason Smart, Managing Director                   Tel: +44 (0) 147 656 0113
Paul Lavender, Finance Director                  Tel: +44 (0) 208 500 4044

DANIEL STEWART & COMPANY PLC                     Tel: +44 (0) 207 776 6550
Lindsay Mair


BISHOPSGATE COMMUNICATIONS LIMITED               Tel: +44 (0) 207 562 3350
Maxine Barnes








                      This information is provided by RNS
            The company news service from the London Stock Exchange
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