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10 Dec 2015 14:55
10 December 2015
Porta Communications Plc ("Porta" or "the Company")
ISSUE OF OPTIONS
Porta Communications Plc announces that it has yesterday issued options over 1.5 million ordinary shares to Steffan Williams, Group Managing Director.
The options are exercisable at an exercise price of 10p per share, being the nominal value of an Ordinary Share, which is a premium of 43 per cent. over the closing middle-market price on 9 December 2015. The options are exercisable over a period of three years with a third vesting each year.
The above represents Steffan Williams' entire interest in the ordinary share capital of the Company.
Following the issue of the options detailed above, there are options outstanding over 15,066,757 ordinary shares, equivalent to 5.43 per cent. of the issued voting share capital of the Company, which are exercisable at exercise prices ranging from 10p to 20p per share.
At the date of this announcement the Company has 277,327,895 ordinary voting shares.
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Enquiries:
Porta Communications Plc
www.portacomms.com
David Wright, Chief Executive
Gene Golembiewski, Finance Director
+44 (0) 20 7680 6500
Sanlam Securities UK Limited
Simon Clements / Virginia Bull
+44 (0) 20 7628 2200
Redleaf Communications - Media Enquiries
Charlie Geller / Emma Kane
+44 (0) 20 7382 4769
Notes to Editors:
Porta has two divisions:
· Communications - financial, corporate and consumer public relations, public affairs and research
· Marketing & Advertising - multi-capability marketing, brand and creative communications
The Group currently has offices in Aberdeen, Abu Dhabi, Beijing, Brisbane, Bristol, Canberra, Cardiff, Edinburgh, Hong Kong, London, Manchester, Melbourne, Singapore and Sydney.
The brands and companies it owns are: Newgate Communications, PPS Group, Redleaf Communications, 13 Communications, Publicasity, 2112 Communications and Summit Marketing Services.
Porta Communications has recently relaunched its corporate website - www.portacomms.com.
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