Last checked at 9 Jul 2009 14:48
9 July 2009
Pinnacle Telecom Group plc
("Pinnacle" or "the Company")
Grant of Share Options
Pinnacle Telecom Group plc, the Scottish based provider of integrated telecommunications solutions aimed at the SME market announces the following award of options over the Company's ordinary shares of 0.1p each.
| Name | Position | Number of options awarded | Exercise price per share | Total number of options held | Total number of ordinary shares held | Percentage of issued ordinary share capital |
| Darron Giddens | CEO Accent Telecom UK Limited | 8,333,333 | 0.3p | 8,333,333 | 168,273,709 | 9.88% |
| Paul Goodland | Consultant Accent Telecom UK Limited | 8,333,333 | 0.3p | 8,333.333 | 168,273,709 | 9.88% |
| Alan J Bonner | Group Chief Executive Officer | 15,000,000 | 0.3p | 69,545,455 | 122,727,273 | 7.21% |
| Peter Halshaw | Head of Telecom Services Accent Telecom UK Ltd | 2,000,000 | 0.3p | 2,000,000 | 0 | 0.00% |
| Nicke Sacke | National Sales Manager Accent Telecom UK Ltd | 2,000,000 | 0.3p | 2,000,000 | 0 | 0.00% |
| Brian McMillan | Managing Director Colloquium Limited | 2,000,000 | 0.3p | 2,000,000 | 0 | 0.00% |
| David Lloyd | Head of Telecom Services Pinnacle Telecom plc | 2,000,000 | 0.3p | 2,000,000 | 0 | 0.00% |
The grants are being made under the Pinnacle Telecom Group plc unapproved share option scheme, in the case of Mr. Goodland and Mr. Giddens, and under the Pinnacle Telecom Group plc EMI approved share option scheme in the case of all the others. The options will vest on the second anniversary of the date of grant, and will lapse if not exercised within ten years from the date of grant. In both cases the exercise price represents a premium of 25% over the closing mid market price of the ordinary shares on 8 July 2009.
Following this grant, the total number of options in issue is 104,212,121 representing 6.12 per cent of the issued ordinary share capital of 1,702,907,630.
Enquiries:
| Pinnacle Telecom Group plc | |
| Alan J Bonner, Chief Executive | Tel: 0845 119 2100 |
| Pelham PR | |
| Alex Walters | Tel: 020 7337 1550 |
| Zeus Capital | |
| Ross Andrews | Tel: 0161 831 1512 |
| Bobby Fletcher |