2 Oct 2015 10:00
2 October 2015
LightwaveRF Plc
(AIM: LWRF)
Grant of Options
LightwaveRF plc ("LightwaveRF" or the "Company"), the creator of the LightwaveRF Smart Home Platform and products for the Internet of Things enabling households and businesses to remotely operate and control lighting, power, heating and security using smartphones, tablets, PC and MAC applications, announces that it has allocated to each of John Shermer and Mike Lord, Executive Directors of the Company, 200,000 share options at an exercise price of 28 pence per share in accordance with the EMI Share Option Scheme. These represent the only share options held by Mr Shermer and Mr Lord.
The share options are exercisable after three years if the price of the Company's ordinary shares meets or exceeds 80 pence per share.
In addition, a further 100,000 options have been issued to an employee on the same terms.
For further information:
Contacts: | ||
LightwaveRF Plc | www.lightwaveRF.com | |
Mike Lord, CEO Tom Sykes, CFO | +44 (0) 121 250 3625 | |
WH Ireland Limited | www.wh-ireland.co.uk | |
Mike Coe/Ed Allsopp (Corporate Finance) | +44 (0) 117 945 3470 | |
Jasper Berry (Institutional Sales) | +44 (0) 20 7220 1666 | |