Last checked at 4 Oct 2012 16:30
Ebiquity plc
"Ebiquity" or the "Company"
Director dealing
The Company announces that options (the "Options") have been granted to Andrew Beach, a director of the Company, to acquire 150,000 new shares of 25p each in the share capital of the Company ("Ordinary Shares"). The exercise price of each Option is 25p per Ordinary Share.
The vesting of the Options will be conditional on the satisfaction of performance criteria relating to the rate of compound growth of the Company's diluted adjusted earnings per share ("EPS") over the three year period ending 30 April 2015 (the "Performance Period"). Growth will be measured against an EPS of 7p for the year ended 30 April 2012.
Compound EPS growth over the Performance Period of 15% per annum or more will result in all of the Options vesting, with none of the Options vesting if compound EPS growth over the Performance Period is less than 5% per annum. The Options will vest on a straight-line basis where compound EPS growth over the Performance Period is between 5% per annum and 15% per annum.
The Options were granted under the 2012 Ebiquity plc Executive Share Option Plan which was recently approved by the Board.
4 October 2012
Enquiries:
Ebiquity plc | 020 7650 9600 |
Andrew Beach (CFO) | |
Numis Securities Limited Nick Westlake, Nominated Adviser | 020 7260 1000 |