29 Sep 2010 07:00
Immedia Group Plc
("Immedia" or "the Company")
Grant of Options under the EMI Share Option Scheme
The Directors of Immedia Group Plc (AIM: IME), the UK's leading provider of live, bespoke radio stations, digital signage and music for retail, are pleased to announce details of the grant of new share options.
A total of 60,000 options were granted on 28 September 2010 under the Immedia Group Plc EMI Share Option Scheme ("options").
| Name and Position | EMI Share Options Granted on 28 September 2010 | Total No. of EMI Options held |
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| Steven Loftus |
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| Chief Operating Officer | 60,000 | 102,500 |
The exercise price for this award is 10.0 pence per share, which was a 17.6% premium to the closing mid market price on 27 September 2010. The options are fully vested and exercisable within 5 years of the date of grant.
These options have been granted to Mr Loftus on his appointment to the Immedia Group Plc board.
Full details of these options will be disclosed in the Company's 2010 financial statements.
Enquiries:
| Immedia Group Plc |
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| Bruno Brookes, Chief Executive Officer | Tel: + 44 (0) 1635 556 200 |
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| Daniel Stewart & Company Plc |
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| Paul Shackleton/Tessa Smith | Tel: + 44 (0) 20 7776 6550 |
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| Hudson Sandler |
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| Nick Lyon | Tel: + 44 (0) 20 7796 4133 |