Last checked at 30 Oct 2015 07:00
Everyman Media Group plc (the "Company")
Grant of Options
The Company announces the following grant of options over ordinary shares in the Company of 10p nominal value ("Ordinary Shares") to certain executive directors in accordance with the recommendations of the Company's Remuneration Committee.
Director | Position | Number of options granted | Exercise price | Total number of options held following grant | Number of 'A' shares issued by EMHL* |
Paul Wise | Executive Chairman | 499,977 | 85p | 499,977 | 696,432 |
Crispin Lilly | Chief Executive Officer | 352,942 | 85p | 897,307 | - |
Jonathan Peters | Finance Director | 90,130 | 85p | 598,204 | - |
Adam Kaye | Executive Director | 499,977 | 85p | 499,977 | 696,432 |
*'A' shares in Everyman Media Holdings Limited are performance shares which can be exchanged into an Ordinary Share in the Company. The benefit of holding an A ordinary share in Everyman Media Holdings Limited for the participant is similar to the benefit of holding an EMI Option exercised under a cashless exercise.
The exercise of the new options granted is subject to the share price performance of the Company as set out below:
- One third exercisable after first anniversary of date of granting if share price exceeds £1.30 for 15 consecutive days, | |
- One third exercisable after second anniversary of date of granting if share price exceeds £1.50 for 15 consecutive days, | |
- One third exercisable after third anniversary of date of granting if share price exceeds £1.80 for 15 consecutive days. |
30 October 2015
For further information, please contact: | |
Everyman Media Group plc Crispin Lilly - Chief Executive Officer Jonathan Peters - Finance Director
| Tel: 020 3145 0500 |
Cenkos Securities plc (NOMAD and Broker) Bobbie Hilliam Harry Pardoe
| Tel: 020 7397 8900
|