24 Jan 2013 17:17
DCD Media plc
("DCD" or "the Company")
Replacement - Issue of options and director's shareholding
The following amendment has been made to the 'Issue of options and director's shareholding ' announcement released on 24 January 2013 at 16.14 under RNS No 3346W.
David Green's interest represents 5.85% and not 6.53% of the Company's current voting rights and issued share capital.
All other details remain unchanged.
The full amended text is shown below.
DCD Media plc
("DCD" or "the Company")
Issue of options and director's shareholding
DCD Media is pleased to report that it has today issued options over ordinary shares in the Company ("Ordinary Shares") to employees, including one serving director, and to some former directors and employees amounting to, in aggregate, 30,200,000 options or £302,000 at par value.
17,000,000 options granted to employees have an exercise price of 2.5 pence and will vest in equal annual tranches over a four year period running from 2014 to 2017 subject to share price hurdle rates of 5p, 10p 15p and 20p (respectively) being achieved.
Options over 9,000,000 Ordinary Shares are being issued to some former directors and employees and are not subject to a hurdle rate and are being taken in lieu of contractual payments owed. These options vest immediately.
David Green, a current director of DCD is receiving 4,200,000 options, exercisable at 1p per Ordinary Share and vesting immediately. David Green is also interested in 24,246,614 Ordinary Shares which represents 5.85% of the Company's current voting rights and issued share capital.
For further information please contact:
David Craven
DCD Media plc
Tel: 020 8563 6976
Stuart Andrews/Charlotte Stranner/Rose Herbert
finnCap
Tel: 020 7220 0500