3 Jun 2011 18:10
| Date: | 3 June 2011 |
| On behalf of: | Cupid plc ('Cupid', the 'Company' or the 'Group') |
| Embargoed until: | For immediate release |
Cupid plc
Issue of share options
The Board of Cupid plc (AIM: CUP), a leading UK online dating company, announces that on 3 June 2011 the Remuneration Committee approved the issue of share options to a numbers of employees and a Director.
The share options are issued as follows:
Quantity of options over
fully paid ordinary shares
Director: Mark Doughty 400,000
Senior Managers: 1,400,000
Total 1,800,000
All of the above share options have been granted at an exercise price of 176 p per share, which represents the 5 day average closing price of the previous 5 business days.
The options will be subject to vesting criteria such that they are exercisable in one-third equal tranches over three years, with the first one-third tranche commencing 3 June 2012, the second one-third tranche commencing 3 June 2013, and the third one-third tranche commencing 3 June 2014. The options shall have a lifetime of 10 years and are also subject to continuous employment criteria.
For further information please contact:
Cupid plc | Tel: +44 (0)131 220 1313 |
Bill Dobbie, CEO Mark Doughty, CFO
| |
Peel Hunt LLP (Nominated Adviser and Broker) | Tel: +44 (0)207 418 8900 |
Richard Kauffer Daniel Harris
| |
Redleaf Polhill | Tel: +44 (0)207 566 6700 |
Henry Columbine Luis Mackness
| cupid@redleafpr.com |
Notes to Editors
§ Cupid plc (formerly Easydate plc) listed on AIM in June 2010 and is a leading provider of online dating services
§ Cupid has built a base of over 23 million members in 39 countries (those countries with over 1,000 members), with a growing proportion of members coming from outside of the United Kingdom.
§ Cupid 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.flirt.com, www.benaughty.com, www.girlsdateforfree.com and www.datetheuk.com. The Group also promotes the niche brands www.datingforparents.com, www.indiandating.com and www.maturedating.co.uk.
§ The majority of services are also available via Apple and Android App Stores for mobile users as well as through their own Facebook apps - eg. http://apps.facebook.com/cupidcom and http://apps.facebook.com/benaughtynow.
§ Further information on the Company can be found at www.cupidplc.com.