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Exercise of Options

8 Nov 2013 14:26

RNS Number : 6049S
Digital Globe Services Limited
08 November 2013
 

8 November 2013

 

Digital Globe Services, Ltd.

(the "Company" and together with its subsidiaries "DGS")

 

Exercise of options

 

Digital Globe Services, Ltd. (AIM: DGS), a leading provider of online customer acquisition solutions for large, consumer-facing organisations, announces that Amit Basak (Non-Executive Director) exercised options over 41,448 Common Shares of $0.001 each on 6 November 2013. The exercise will be satisfied by the transfer of 41,448 Common Shares from the Company's SOP Trust to Mr Basak. Mr Basak then intends to gift 20,724 of these shares to The Nashoba Learning Group, whose mission is to enable children and adults with autism to function with the greatest possible productivity and independence in the community, home, and workplace throughout their lives.

Following the exercise of these options and the intended transfer to charity, Mr Basak will have a beneficial holding in the Company of 20,724 Common Shares, representing 0.07% of the Company's issued share capital. Mr. Basak and the charity will remain subject to the "Lock-In Agreement" prohibiting sale of the underlying securities until after 14 February 2014.

 

As of the date of this announcement and following the exercise of these options, the Company's issued share capital consists of 29,841,742 common shares with a nominal value of $0.001 each and each carrying one voting right (the 'Common Shares'). The figure of 29,841,742 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

 

For further information please contact:

 

Digital Globe Services, Ltd.

 www.dgsworld.com

Jeff Cox, CEO

+1 303 736 2105

N+1 Singer

Shaun Dobson / Aubrey Powell/ Matt Thomas

+44 20 7496 3000

Newgate Threadneedle

+44 20 7653 9850

Hilary Millar / Caroline Evans-Jones / Josh Royston / Jasper Randall

 

Overview of DGS

 

Founded in 2008 with offices in London, Bermuda, Netherlands, USA and Ireland, DGS is a specialist provider of outsourced online customer acquisition solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, integrated websites and contact centre support, receiving a fee for each customer acquired for its clients.

 

DGS is seeking to establish itself as the leading international provider of outsourced online customer acquisition services, through its focus on having the premier technology platform for pricing and procuring paid search advertising on a cost effective basis. Paid search refers to the auction process for key search terms that search providers run and in which prospective advertisers, or their agents, compete in order to have their advertising or search results displayed.

 

By using its optimizing technology platform, dgSMART, and its experience of website management, efficient contact centre operations and other process expertise, DGS is able to bid appropriately and cost effectively for search terms in order to achieve conversion rates that deliver profitable, high quality customers to its clients

 

DGS employs approximately 430 staff in Europe, North America and Asia. The Company currently has over 30 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500. In 2012, DGS commenced operations in Canada and Mexico, and is pursuing further growth opportunities in Latin America, Europe, and Asia Pacific. DGS has also recently started providing its customer acquisition services to the home automation and renewable energy sector, and is examining additional opportunities in the insurance, retail banking, utility and consumer technology sectors.

 

Overview of Nashoba Learning Group ("NLG")

NLG (www.nashobalearninggroup.org), based in Bedford, MA, was founded in 2002 to offer a different life trajectory for more seriously impaired individuals with autism and their families. From a one room school serving 2 students in a church basement, NLG has grown to become one of the premier schools for autism, serving 90 students ages 3-22, with a waiting list of 270. NLG's successful results are driven by three critical principles: evidence-based Applied Behaviour Analysis teaching methodology, customization of teaching procedures and curriculum for each student, and an organizational model designed to optimize the training, development and retention of high-performing staff. NLG launched an Adult Program in March 2013 to serve its graduates and others like them because there was no appropriate place for them to go.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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