15 Sep 2014 16:59
15 September 2014
Monitise plc
("Monitise" or the "Company")
Directors' Dealings, Option Exercises and Grants
Monitise plc (LSE: MONI) announces that, on 15 September 2014, the following Directors of the Company were granted options over ordinary shares of 1p each in the Company ("Ordinary Shares").
Director | Number of options granted |
Alastair Lukies | 2,000,000 |
Lee Cameron | 1,500,000 |
Brad Petzer | 500,000 |
The above options have been granted under the Monitise Performance Share Plan and vest at the end of a three-year term from date of grant if the average share price over the three-month period immediately prior to vesting is at least 75 pence. The options have an exercise price of 1 pence per Ordinary Share and must be exercised no later than 15 September 2024.
Exercise of options
Monitise also announces that, on 15 September 2014, Lee Cameron exercised 1,500,000 options over Ordinary Shares, at an exercise price of 1 pence per Ordinary Share. Subsequently, Mr Cameron sold 1,500,000 shares at an average price of 44.5 pence. The option exercise follows the granting of an equivalent number of options for Lee Cameron with no change in the overall quantity of shares and options held.
Pursuant to the transactions detailed above, the executive Directors continue to hold the following interests in Ordinary Shares and options:
Director | Total Ordinary Shares and Options | Total Shares and Options as % of Issued Share Capital |
Alastair Lukies | 28,809,282 | 1.5% |
Elizabeth Buse | 5,000,000 | 0.3% |
Lee Cameron | 7,870,570 | 0.4% |
Brad Petzer | 4,517,857 | 0.2% |
Mr Lukies' total interest is split between a holding of 777,592 Ordinary Shares, representing approximately 0.04 per cent of the Company's issued share capital, and 28,031,690 options over Ordinary Shares. Ms Buse's total interest is represented by 5,000,000 options over Ordinary Shares. Mr Cameron's total interest is split between a holding of 38,880 Ordinary Shares, representing approximately 0.002 per cent of the Company's issued share capital, and 7,831,690 options over Ordinary Shares. Mr Petzer's total interest is split between a holding of 17,857 Ordinary Shares, representing approximately 0.001 per cent of the Company's issued share capital, and 4,500,000 options over Ordinary Shares.
Following the above option exercises, it is expected that Monitise will have 1,969,827,028 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information:
Monitise plc Tel: 020 3657 0900
Tom Spurgeon, Company Secretary
Andrew Griffin/Haya Herbert-Burns, Investor Relations
Canaccord Genuity Limited Tel: 020 7523 8000
Simon Bridges
Cameron Duncan
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise's technology platforms and services to securely connect people with their money.
30 million consumers have registered for Monitise's patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $88bn of payments, purchases and transfers annually. Additionally, apps designed by the Group's Monitise Create and MEA divisions have been downloaded 30 million times. More information is available at www.monitise.com.