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Issue of Options to Directors and Employees

2 May 2014 15:12

RNS Number : 2266G
Cupid PLC
02 May 2014
 

Date:

2 May 2014

On behalf of:

Cupid plc ('Cupid', the 'Company' or the 'Group')

 

Cupid plc

Issue of Options to Directors and Employees

 

Cupid plc (AIM: CUP), the online dating operator, announces that options over a total of 3,700,000 ordinary shares of 2.5p each in the Company ("Ordinary Shares") have today been granted to directors and employees of the Company in accordance with the provisions of the Company's Share Option Scheme (the "Options").

 

The Options are exercisable at a price of 44 pence per Ordinary Share, being the average of the closing mid-market price per Ordinary Share for the 5 trading days immediately preceding the data of the grant. The Options will vest on the third anniversary of issue.

 

Within the Options described above, an option over 2,000,000 Ordinary Shares has been granted to Phil Gripton, the Company's Chief Executive Officer representing approximately 2.8 per cent of the Company's voting issued share capital and an option over 500,000 Ordinary Shares has been granted to Niall Stirling representing approximately 0.7 per cent of the Company's voting issued share capital.

 

 

For further information please contact:

 

Cupid plc

Via Redleaf Polhill

Phil Gripton, CEO

Niall Stirling, CFO

Peel Hunt LLP (Nominated Adviser and Broker)

Tel: +44 (0)207 418 8900

Richard Kauffer

Daniel Harris

Redleaf Polhill

Rebecca Sanders-Hewett

Dwight Burden

David Ison

Tel: +44 (0)207 382 4730

cupid@redleafpr.com

 

Notes to Editors

 

Cupid plc offers a wide variety of online dating services allowing members to interact with each other and access the content available on the Group's websites. These websites are intended to appeal to dating users of diverse ages, cultures and social interest groups. The Group's most heavily visited websites include www.cupid.com, www.uniformdating.com and www.girlsdateforfree.com. The Group also promotes niche brands such as www.lovebeginsat.com, www.datingforparents.com,and www.maturedatinguk.com.

 

Further information on the Company can be found at www.cupidplc.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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