Last checked at 1 May 2013 07:00
1 May 2013
Ubisense Group plc
("Ubisense" or the "Company")
Grant of Options
Ubisense Group plc (AIM: UBI) announces that on 19 April 2013 the Board approved the grant of 421,500 options over ordinary shares of 2 pence each in the Company ("Ordinary Shares") to certain directors and key employees of the Company ("Share Options").
The Share Options granted to directors are as follows:
Director Richard GreenGordon Campbell | Share Options 60,00040,000 | Exercise price (p) 205.50205.50 |
The Share Options are to subscribe for new ordinary shares in the Company at an exercise price of 205.50 pence per new ordinary share, being the closing price of the Ordinary Shares on 19 April 2013.
For the directors and other senior managers participating in the long-term incentive plan ("LTIP"), one third of the Share Options will vest on the first anniversary of the date of grant with the balance vesting in equal tranches on the second and third anniversaries. The Share Options will be fully vested on the third anniversary of the date of grant. The Share Options vest subject to meeting performance criteria set out in the LTIP. The Share Options to other employees are not subject to performance criteria and vest fully on the third anniversary of the date of grant. All of the Share Options expire on 18 April 2023.
Following the grant of Share Options, the beneficial and other interests of the directors and their families in the shares of the Company at 30 April 2013 are:
Ordinary Shares | % of Issued Share Capital | Options Over Ordinary Shares | % of Issued Share Capital | |
Robert Sansom | 2,493,676 | 11.36 | - | - |
Richard Green | 1,543,011 | 7.03 | 296,278 | 1.35 |
Richard Newell | 643,354 | 2.93 | 1,056 | 0.01 |
Andrew Hopper | 225,000 | 1.02 | 20,278 | 0.09 |
Gordon Campbell | 87,987 | 0.40 | 233,000 | 1.06 |
Peter Harverson | 65,161 | 0.30 | 91,333 | 0.42 |
J Keith Lomas | 47,712 | 0.22 | - | - |
Paul Taylor | - | - | - | - |
The share capital of the Company comprises 21,958,900 Ordinary Shares with voting rights. There is a total of 2,440,898 options over Ordinary Shares.
The Company does not hold any Ordinary Shares in Treasury. Therefore the above figure of 21,958,900 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.
For further information, see the Company's website www.ubisense.net or contact one of the following:
Enquiries:
Ubisense Group Plc | Tel: +44 (0) 1223 535 170 |
Richard Green | |
Gordon Campbell | |
Canaccord Genuity Limited (NOMAD) | Tel: +44 (0) 20 7523 8000 |
Simon Bridges | |
Lucy Tilley | |
FTI Consulting | Tel: +44 (0) 20 7831 3113 |
Jon Snowball | |
Tracey Bowditch |
About Ubisense:
Ubisense provides lean manufacturing Real-Time Location Systems (RTLS) that eliminate waste and drive up quality levels in high volume high value manufacturing industries. The company's solutions provide 3D location visibility and control that enable production and operations managers to deliver rapid returns on investment on business critical processes. Ubisense's continuing rapid growth has been achieved by its experienced teams who customise proprietary hardware and software solutions to meet the diverse needs of its clients around the globe.
Ubisense offers two location-oriented product ranges; RTLS (Real-time Location Solutions) and Geospatial Systems. It operates in a number of industries ranging from manufacturing and utilities to transportation, serving a diverse group of blue chip customers across the world, such as BMW, Airbus, Aston Martin, Caterpillar and Deutsche Telekom. For more information please visit www.ubisense.net.