Positive31 Jan 2012 18:46
Announcement today. Positive that the management have re structured their options at 1.75. Maybe a decent y/e announcement coming up?
31 January 2012
Invu plc ("the Company")
Grant of Options
Invu plc ("the Company") today announces that, on the 30th of January 2012, Colin Gallick, Chief Executive Officer of the Company and Ian Smith, Finance Director or the Company (the "Executive Directors") were granted options over 9.0 million ordinary shares of 1p each in the Company ("Ordinary Shares") and 18.6 million A ordinary shares of 1p each in the Company ("A Ordinary Shares) (together, the "Options") following the cancellation of all of the Executive Directors' existing options over Ordinary Shares.
The cancellation of options were as follows
Executive Director options over Ordinary Shares cancelled Exercise price of cancelled options
Colin Gallick 5,000,000 1.00p
Ian Smith 1,000,000 1.00p
The awards are as follows:
Executive Director
Options over Ordinary Shares issued
Options over A Ordinary Shares issued
Exercise price of Options
Vesting
Colin Gallick
6,000,000
12,400,000
1.75p
Equally over 3 years
Ian Smith
3,000,000
6,200,000
1.75p
Equally over 3 years