22 Jul 2014 07:00
LITEBULB GROUP LIMITED
("LiteBulb" or the "Company")
Grant of Share Options
Further to the announcement on 2 July 2014, LiteBulb (AIM: LBB), the brand and product development specialist, announces that options over a total of 9,259,260 new shares ("New Share Options") have been granted, representing 0.3 per cent of the Company's issued share capital, at an exercise price of 0.81 pence per ordinary share, subject to the terms of the Company's Unapproved share option scheme.
The allocation of the New Share Options is detailed in the following table:
Name | Number of options granted under the Company's Unapproved scheme | Total number of options held | Percentage of the Company's current issued share capital | Exercise Price |
Michael Hough (Chairman) | 3,086,420 | 3,086,420 | 0.1 | 0.81p |
Michael Brennan | 3,086,420 | 3,086,420 | 0.1 | 0.81p |
Zag Limited | 3,086,420 | 3,086,420 | 0.1 | 0.81p |
The New Share Options have a vesting period of one year. Following this grant of options, there are 363,495,635 options over ordinary shares in the Company in issue representing 14.4 per cent of the Company's issued share capital.
For further information, please contact:
LiteBulb Group Limited | www.litebulbgroup.com | ||
Simon McGivern, Chief Executive | Tel: 020 3384 7131 | ||
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finnCap (NOMAD & Broker) | Tel: 020 7220 0500 | ||
Stuart Andrews/Ben Thompson (Corporate Finance) |
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Joanna Weaving (Corporate Broking) |
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Walbrook PR Limited | Tel: 020 7933 8780 | ||
Bob Huxford | bob.huxford@walbrookpr.com or 07747 635 908 | ||
Paul McManus | paul.mcmanus@walbrookpr.com or 07980 541 893 | ||
About LiteBulb Group
LiteBulb Group designs, manufactures and distributes innovative brands and products to the global retail market.
LiteBulb Products - our wide range of products are sold in over 30 countries through blue chip retailers including: ASDA, BHS, Tesco, Sainsbury's, WH Smith, Halfords, Marks & Spencer, Morrisons, QVC, Next, Fenwicks and Toys R Us.
LiteBulb Creative is a creative agency with global reach, delivering compelling and agile brand extension programmes to the entertainment industry. LiteBulb Creative has designed products and campaigns for clients around the world, including Disney, Hasbro and Miramax.