Last checked at 18 Mar 2016 07:00
Satellite Solutions Worldwide Group plc
("Satellite Solutions Worldwide Group", "SSW" or the "Company")
Grant of Options
Satellite Solutions Worldwide Group (AIM: SAT), the global communications company specialising in rural, last-mile satellite broadband, announces the award of options over an aggregate of 21,061,097 new ordinary shares in the Company to certain directors and employees of the Company.
The awards include the grant of options to Executive Directors, Andrew Walwyn and Frank Waters, as to 3,500,000 options each under the Satellite Solutions Worldwide Group plc 2015 EMI Share Option Plan (the "Plan") with an exercise price of 5.25p. The options awarded to the Executive Directors will vest on 14 December 2018 provided that the Directors remain with the Company.
A further 10,061,097 options have been awarded to employees under the Plan with an exercise price of 5.25p of which 6,250,000 have a vesting date of 14 December 2018.
In addition, in order to align the interests of non-executive directors with those of the executive directors and shareholders whilst the Company is in a period of rapid growth, it was decided to award Unapproved Share Options to Michael Tobin, Paul Howard and Rodger Sargent as to 2,000,000, 1,000,000 and 1,000,000 shares respectively, with an exercise price of 5.25 pence and exercisable no later than 14 December 2018.
Enquiries:
Satellite Solutions Worldwide Group PLC | www.satellitesolutionsworldwide.com |
Andrew Walwyn, Chief Executive Officer | Via Walbrook PR |
Strand Hanson (Financial & Nominated Adviser) | Tel: +44 (0)20 7409 3494 |
Andrew Emmott / Ritchie Balmer | |
Arden Partners plc (Broker) | Tel: +44 (0)20 7614 5900 |
Catherine Miles / James Felix / Ciaran Walsh | |
Walbrook PR (PR advisers) | Tel: +44 (0)20 7933 8790 |
Paul McManus / Paul Cornelius/Nick Rome | or ssw@walbrookpr.com |