15 Sep 2008 09:13
Nasstar Plc ("Nasstar" or "the Group", AIM : NASA),
15 September 2008
Share Options Award
Nasstar Plc, announces that its Remuneration Committee has agreed and authorised the granting of options to subscribe for ordinary shares in the Group, under the Nasstar Plc Share Option Scheme ("the Scheme") on the following terms.
Options are being granted as follows:
Director Options granted at 30p
Lord Daresbury 300,000 Charles Black 150,000 Damion Greef 15,000 Ric Francis 15,000
The exercise price for each Option will be 30p per ordinary share of 1p each in the share capital of the Group and the Options will be exercisable between the second and tenth anniversaries of the date the options were granted, being 12 September 2008
As a result of the above grant the Directors have the following options:
| Director | Options granted 8 December 2005 at 12p | Options granted 27 April 2007 at 22p | Options granted 6 May 2008 at 39p | Options granted 12 September 2008 at 30p | Total options |
| Lord Daresbury | 105,000 (exercised on 15 August 2008) | 100,000 | 35,000 | 300,000 | 435,000 |
| Charles Black | 750,000 | 200,000 | 50,000 | 150,000 | 1,150,000 |
| Damion Greef | 95,000 (exercised on 15 August 2008) | 100,000 | 20,000 | 15,000 | 135,000 |
| Ric Francis | - | - | 20,000 | 15,000 | 35,000 |
| Kevin Bird | - | - | 25,000 | - | 25,000 |
For further information, please contact
Nasstar plc
Charles Black, Chief Executive , 020 7148 5000
Ambrian Partners, Nominated Adviser
Tim Goodman, 020 7634 4711
About Nasstar plc
Nasstar's service enables subscribers to do all of their computing in the internet cloud, with access to their desktop, files, applications and email over the internet rather than on-premise. Cloud computing is a highly scalable service that provides benefits including anywhere access to computing and provides an alternative to traditional locally installed on-premise computing.
Nasstar was founded in 1998 by Charles Black. Nasstar plc was admitted to trading on the London Stock Exchange Alternative Investment Market in December 2005 (AIM: NASA).
For further information please visit www.nasstar.com. For Investor Relations visit www.nasstar.com/ir