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14 Oct 2008 13:21
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14 OctoberΒ 2008 |
Grant ofΒ Options to Executive DirectorsΒ
EbiquityΒ plcΒ (the "Company")Β announces thatΒ onΒ 14thΒ OctoberΒ 2008Β theΒ CompanyΒ granted the followingΒ shareΒ awards in the form ofΒ nil costΒ optionsΒ toΒ Mr Paul GladmanΒ under theΒ EbiquityΒ plcΒ 2008Β ExecutiveΒ Incentive Plan (the "EIP")Β adopted by theΒ CompanyΒ on 1stΒ April 2008.
In accordance with the rules of theΒ EIP,Β EIP awards were granted onΒ 14thΒ OctoberΒ 2008Β withΒ a priceΒ on grantΒ ofΒ 25Β penceΒ perΒ ordinaryΒ shareΒ of 25p each ("Ordinary Shares")Β as follows:
Β
|
Executive Director |
Number of Ordinary SharesΒ subject to the EIP AwardΒ |
Total number of Ordinary Shares over which options held following this notification Β |
|
Paul Gladman |
800,000 |
1,308,451 |
Vesting isΒ subject to the continued employmentΒ of the Executive DirectorsΒ and the satisfaction ofΒ a 150 pΒ share price target.Β Β The EIP awards will be split into two parts. The first part will first become exercisable on 31 March 2010 and the second part on 30 September 2011.
Furthermore,Β on 14thΒ October 2008, the board of the Company granted share options over Ordinary Shares in the CompanyΒ under the Company's EMI schemeΒ to Mr Andrew Beach, CFO, as follows:
|
Executive Director |
Exercise Price |
Number of Ordinary Shares over which options granted |
Total number of Ordinary Shares over which options held following this notification Β |
|
Andrew Beach |
37 pence |
67,568 |
164,476 |
The grant of options was done under Ebiquity's EMI share option scheme and become exercisable onΒ 8thΒ September 2011.
Enquires:
|
Thomson Intermedia |
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Andrew Beach,Β CFO |
020 7650 9600 |
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