8 Oct 2012 16:00
8 October 2012
hibu plc
The following share option grants in respect of hibu plc 1p Ordinary shares have been surrendered by the executive directors of hibu for nil consideration, with effect from 5 October 2012.
John Michael Pocock
Name of Plan | Date of Grant | Number of surrendered Options | Exercise Price (pence) | Normal Vesting Date |
LTIP | 29 Mar 2011 | 12,159,533 | 0 | 29 March 2014 |
LTIP | 28 June 2011 | 18,168,604 | 0 | 28 June 2014 |
Appointment | 1 December 2010 | 3,000,000 | 12.01 | 1 December 2013 |
Antony Bates
Name of Plan | Date of Grant | Number of surrendered Options | Exercise Price (pence) | Normal Vesting Date |
LTIP | 29 March 2011 | 8,268,482 | 0 | 29 March 2014 |
LTIP | 28 June 2011 | 12,354,651 | 0 | 28 June 2014 |
Appointment | 9 November 2010 | 2,000,000 | 12.37 | 9 November 2013 |
Following the surrender of the above share options, neither John Michael Pocock nor Antony Bates hold any options over hibu plc ordinary shares. A deferred cash retention and incentive plan has been introduced for the executive directors and certain senior managers.
Ends
About hibu
hibu helps communities thrive by facilitating millions of connections each year between consumers who want to find products and services locally and the merchants who provide them.
hibu helps consumers find local businesses and shop in new, innovative ways. Its dedicated online hibu markets provide comprehensive, convenient access to local goods and services. hibu helps merchants compete in the digital world with a broad range of marketing and commerce solutions delivered online and through hibu's direct sales teams. Building on its heritage as a premier directories provider, hibu continues to offer a full range of print- and distribution-based marketing services.
hibu operates in the UK, US, Spain, Argentina, Chile, Peru and US Hispanic markets. In the year ended 31 March 2012, hibu had 1.2 million SME customers and total revenues of £1.6 billion.
For further information about hibu, visit hibu.com.
Enquiries:
RLM Finsbury Andrew Dowler or Charles Chichester Tel: + 44 (0) 207 251 3801 |