10 Sep 2014 13:00
SafeCharge International Group Limited
("SafeCharge", the "Company", or the "Group")
Grant of Options
On 9 September 2014, the board of SafeCharge (AIM: SCH), the international provider of payments services, risk management and IT solutions for online businesses, awarded to certain directors and senior management of the Company 5,990,370 share options, exercisable into new ordinary shares of US$0.0001 in the Company ("Ordinary Shares") at an exercise price of 225.5 pence per share (equivalent to the closing share price on 9 September 2014) ("Options"). Out of the total award of 5,990,370 Options, 2,995,185 have been awarded to David Avgi, 524,157 to Tim Mickley, with the balance awarded to certain senior management.
As at the date of this announcement the following options over Ordinary Shares have been granted to the directors of the Company and are outstanding:
Name of director | Number of Ordinary Shares under option | Exercise price | Vesting schedule | Expiry date |
David Avgi | 1,000,000 | 121 pence** | 33.3% on 28 January each year from 2015 to 2017 (inclusive) | 28 January 2024 |
2,995,185* | 225.5 pence | 33.3% on 9 September each year from 2015 to 2017 (inclusive) | 9 September 2024 | |
Tim Mickley | 250,000 | 121 pence** | 33.3% on 28 January each year from 2015 to 2017 (inclusive) | 28 January 2024 |
524,157 | 225.5 pence | 33.3% on 9 September each year from 2015 to 2017 (inclusive) | 9 September 2024 |
\* The 2,995,185 Options awarded to David Avgi have been granted to Foxberry Limited, Foxberry Limited is ultimately owned by a trust, the beneficiary of which is David Avgi.
**Granted on 28 January 2014 with an exercise price of US$2.0, which was converted to GBp at the exchange rate at the time of the grant.
- Ends -
For more information
SafeCharge International Group Limited David Avgi, Chief Executive Officer Tim Mickley, Chief Financial Officer c/o Bell Pottinger
| +44 (0) 20 3772 2500 |
Shore Capital Pascal Keane Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman Will Wynne-Morgan | +44 (0) 20 3772 2500 |
About SafeCharge
SafeCharge International Group Limited is a global provider of payments service, risk management and IT solutions for online businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is regulated as a Payment Institution by the Central Bank of Cyprus, license no. 115.1.2.15, under EU directive. SafeCharge Limited has principal membership status for merchant acquiring by VISA Europe and MasterCard Europe. The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany and Austria. www.safecharge.com