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Last checked at 
17 Jan 2014 16:24
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Ebiquity plc
("the Company")
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Director dealings
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The Company announces that the following options (the "Options") to acquire ordinary shares of 25p each in the Company ("Ordinary Shares") have been issued to the directors listed below. It was intended that these options would have been issued during 2013 - in parallel with other awards granted under the Company's Executive Share Option Plan - but for the directors being in possession of inside information which precluded them from dealing. The exercise price of each Option is 25p per Ordinary Share.
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Name of director | Number of options |
Michael Greenlees | 350,000 |
Nick Manning | 200,000 |
Andrew Beach | 100,000 |
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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 2016 (the "Performance Period"). Growth will be measured against the reference adjusted diluted EPS for the year ended 30 April 2013.
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Compound EPS growth over the Performance Period of 15% per annum or more will result in all of the Options vesting. Compound EPS growth of 5% per annum over the Performance Period will vest one fifth of the Options. None of the Options will vest 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.
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17 January 2014
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Enquiries:
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Ebiquity plc Andrew Beach (CFO) Β | 0207 650 9600 |
Numis Securities Limited Nick Westlake (NOMAD) David Poutney, James Serjeant (Corporate Broker) | 0207 260 1000 |
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