24 Apr 2013 11:32
24 April 2013
Escher Group Holdings plc
Grant of Options
Escher Group Holdings plc ("Escher" or the "Company"), a world-leading provider of outsourced, point of sale software to the postal industry, announces that on 23 April 2013, it granted options over 267,742 Ordinary Shares of €0.005 each (the "Options") to employees and certain Directors of Escher under the terms of the Share Option Plan approved by shareholders on 14 June 2012. The Options are exercisable up to 21 April 2020 and will vest as follows: 89,248 on 22 April 2014; 89,247 on 22 April 2015 and a further 89,247 on 22 April 2016.
As part of the grant, Liam Church, Fionnuala Higgins and Jonathan O'Connell received options over 19,039, 19039 and 15,000 Ordinary Shares respectively. Following the grant, Liam Church, Fionnuala Higgins and Jonathan O'Connell have options over 44,039, 44,039 and 15,000 Ordinary Shares pursuant to the Share Option Plan. Liam Church and Fionnuala Higgins each directly holds 2,060,160 Ordinary Shares and therefore have a beneficial interest, in aggregate, in 4,120,320 Ordinary Shares representing 24.68 per cent of the ordinary issued share capital of the Company as well as options over 88,078 Ordinary Shares in aggregate.
For further information please contact:
Escher www.eschergroupholdings.com | +353 (0) 1 254 5400 |
Liam Church, Chief Executive Officer | |
Fionnuala Higgins, EVP Sales & Marketing | |
Jonathan O'Connell | |
Panmure Gordon | +44 (0)20 7886 2500 |
Andrew Godber / Callum Stewart, Corporate Finance | |
Hannah Woodley, Corporate Broking | |
College Hill | +44 (0)20 7457 2020 |
Adrian Duffield/Rozi Morris | |
Notes to Editors
Escher is a world leading developer and provider of outsourced, point of service software for use in the postal industry worldwide. Its core software, RiposteEssential, enables post offices to expand upon their traditional offering, providing additional new services, reducing costs and increasing efficiency. Riposte is a messaging middleware that enables applications operating on different computers to communicate with each other. The Riposte software manages data, monitors the system status and communicates across the network. Escher operates across two divisions - its Retail Software Division and its Message Based Communications Division.
The Retail Software Solution (RiposteEssential) serves the postal and courier markets. Transactions include mail and financial services and the system is integrated with utilities and financial services companies, banks and central and local governments.
Escher's Message Based Communications Division (RiposteTrEx) is based on a digital post office box model and is designed to provide a national digital infrastructure linking governments, businesses and citizens via a secure platform.