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Last checked at 
23 Dec 2008 13:07
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23Β December 2008
OMG plc
(the "Company")
Grant of Option
OMG plcΒ (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries,Β announces that onΒ 23Β December 2008, following the recommendation of the Company's remuneration committee,Β Nick BoltonΒ (Group Chief Executive)Β was granted an optionΒ under the Company's 2008 Special Incentive PlanΒ as follows:
|
Number of shares |
Exercise price per share |
Vesting date |
Exercise schedule |
Term |
|
1,955,705 |
0.25p |
23 September 2011 |
50% onΒ 23 September 2011 |
10 years |
|
25% onΒ 23 September 2012 |
||||
|
25% onΒ 23 September 2013 |
The option is subject toΒ certain performance criteriaΒ and other conditions.Β Β In particular, the number of shares vesting shall be based on the following share price performance condition:
|
AverageΒ share priceΒ over 30 day periodΒ prior to vesting date |
Level of vesting |
|
45p |
20% |
|
60p |
60% |
|
75p |
100% |
-ends-
For further information please contact:
|
OMG plc |
+44 1865 261800 |
|
David Deacon, Finance Director |
|
|
Financial Dynamics |
+44 20 7831 3113 |
|
Juliet Clarke / Matt Dixon |
|
|
Evolution SecuritiesΒ (NOMADΒ to OMG) |
+44 20 7071 4300 |
|
Jeremy Ellis |
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