27 Oct 2016 08:15
Crossrider plc
("Crossrider," the "Company" or the "Group")
Appointment of Chief Financial Officer
Grant of Options
Crossrider (AIM:CROS), the online distribution and digital product company, is pleased to confirm the appointment of Moran Laufer as permanent Chief Financial Officer effective immediately. The confirmation follows Mr Laufer's appointment as Acting Chief Financial Officer on 19 August 2016.
As part of his appointment Mr Laufer has been granted 634,950 ordinary share options. The options are exercisable at a price of 36.5 pence per share and will be issued in an initial tranche of 25% of the total grant in year 1, with further quarterly tranches of 6.25% being issued thereafter for a total of twelve quarters.
1,597,320 options have also been granted to certain members of staff on the same basis.
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For more information contact
Crossrider plc Ido Erlichman, Chief Executive Officer Moran Laufer, Chief Financial Officer c/o Bell Pottinger
| +44 (0) 20 3772 2496 |
Shore Capital Bidhi Bhoma Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell James Newman Sam Cartwright | +44 (0) 20 3772 2500 |
About Crossrider
Crossrider is an online distribution and digital product company. The Company utilises its proprietary marketing technology platforms to prospect, optimise and monetise mobile and web media. Crossrider powers all aspects of an online product to create a superb user experience. The Company offers improved retention and re-engagement rates, greatly enhancing the value of user activity. Crossrider provides its platforms to its customers for use with their products as well as developing and expanding its own product portfolio.
Crossrider's vision is to provide and develop best-in-class digital products for its users globally.
www.crossrider.com