Last checked at 11 May 2009 10:04
Cashbox plc ("Cashbox" or the "Company")
Grant of Options
Cashbox announces that it has granted new options to subscribe for ordinary shares to Ciaran Morton, CEO, and Matthew Thomas, CTO, as set out in the table below. The options have an exercise price of 3.1p per share and one quarter vest immediately with the balance vesting in three equal tranches over the next 18 months.
The options granted to the Directors were as follows:
| Director | New Options |
| Ciaran Morton | 4,000,000 |
| Matthew Thomas | 2,000,000 |
A further 2,541,500 options over ordinary shares have been granted on similar terms to senior management and others.
In addition, a total of 8,774,250 options have been voluntarily cancelled by certain directors and management of the Company, including 2,000,000 held by Ciaran Morton and 800,000 held by Matthew Thomas.
Following these cancellations and new option grants a total of 9,341,500 options to subscribe for ordinary shares in the Company are outstanding.
Enquiries:
Cashbox PLC 01256 441000
Ciaran Morton, CEO
Bill Hughes, Chairman of Remuneration Committee
Threadneedle Communications 020 7936 9606
Josh Royston/Graham Herring
Seymour Pierce Ltd 020 7107 8000
Jonathan Wright