Last checked at 28 Jan 2009 16:15
Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology
28 January 2009
Messaging International Plc ('the Company')
Grant of Share Options
Messaging International Plc, the AIM traded provider of innovative messaging services, announces that on 28 January 2009, the Company granted to Guy Levit, CEO, certain employees and service providers of the Company, options to subscribe for, in aggregate, 11,000,000 ordinary shares of 0.5 pence each in the Company at 0.5 pence per share.
Mr Levit has been granted 4,000,000 options which will vest as follows: 40% are exercisable immediately, a second tranche of 30% to be exercisable after 30 June 2009 and a third tranche of 30% exercisable after 30 June 2010. A further 4,000,000 options out of the total 11,000,000 options granted will vest on the same basis, being the first tranche of 40% exercisable immediately, second tranche of 30% to be exercisable after 30 June 2009 and third tranche of 30% exercisable after 30 June 2010. The balance of 3,000,000 options granted are exercisable immediately.
The total number of employee options in existence following this announcement is 22,306,286 representing approximately of 9.5 per cent of the issued share capital of the Company.
**ENDS**
For further information visit www.telemessage.com or contact:
| Guy Levit | Messaging International Plc | Tel: + 972 3 9225252 |
| Mark Percy | Seymour Pierce Limited | Tel: +44 (0) 20 7107 8000 |
| Susie Callear | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
About Messaging International Plc
Messaging International Plc joined AIM in August 2005 with the objective of becoming a leading provider in the rapidly growing multimedia messaging market. Its 100% owned subsidiary, TeleMessage Ltd (www.telemessage.com), provides cross-platform media messaging management systems and applications. These are designed to enable PC, browser, mobile phone and wireline telephone users to send, receive and manage voice messages, email, SMS, IM and MMS across various media platforms. It supports multiple languages, text to speech conversion, e-mail notification, unlimited SMS length, and direct reply to SMS capabilities, all illustrating the uniqueness of the service. The Company has a number of contracts with major blue chip companies including Rogers Wireless, the largest wireless provider in Canada, and Sprint, one of the largest wireless providers in the US.