MercoPress. South Atlantic News Agency

FIC staff opt for save as you earn share option scheme

Following the success of its previous Employee Share Option scheme which was taken up by 34 members of staff in Stanley, Falkland Islands Holdings Ltd (FIH plc) announced that under the terms of its latest Save as You Earn Employee Share Option Scheme on 5th July 2007 some 55 employees of The Falkland Islands Company Ltd (FIC) in the Falklands were granted an option to subscribe for ordinary shares in FIH plc.

The options under the scheme vest three years after the grant date at a price of £2.50 per share. The scheme is designed to encourage employee share ownership by allowing all members of staff to participate in the future growth in value of the company. Managing Director of FIH plc, John Foster said "I am delighted that so large a number of our staff based in Stanley have decided to participate in the scheme and to share in any future increase in value of the company. FIC is a Falklands based company and it is very important to us that as many local people as possible are shareholders and share in our success."