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Share awards

31 Oct 2014 12:19

RNS Number : 8511V
32Red Plc
31 October 2014
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32Red Plc

("32Red" or "the Company")

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Director dealings

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LTIP and Share option awards

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Award under the LTIP scheme

On 30 October 2014, the Company granted the award of 1,288,399 shares under the Company's approved LTIP Scheme, equivalent to 1.75% of the Company's issued share capital. The following directors were included under the award:-

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Β Director

Share awardunder LTIP

Edward Ware

450,204

Jonathan Hale

229,155

Patrick Harrison

228,800

Matthew Booth

214,240

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Award under the ESOP scheme

In addition, on the same date, the Company granted 875,000 share options over Ordinary Shares under the Company's approved ESOP Scheme, equivalent to 1.19% of the Company's issued share capital. The strike price of these options is 45.25p per share and no directors were included in the award.

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The Company now has a total of 2,955,871 awards outstanding under the LTIP scheme, representing 4.01% of the issued Ordinary Share Capital and a further 2,881,601 share options in existence issued under the rules of the ESOP Scheme, representing 3.91% of the issued share capital. In total, the maximum number of potentially dilutive shares issued under the LTIP and ESOP schemes totals 5,837,472 representing 7.92% of total issued share capital.

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31 October 2014

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Enquiries:

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32Red Plc

Tel: 00 350 200 49396

Ed Ware, CEO

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Jon Hale, Finance Director

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Numis Securities Limited

Tel: +44 (0) 20 7260 1000

Chris Wilkinson (Corporate Broking)

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Michael Meade (Nominated Adviser)Β 

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Instinctif Partners

Tel: + 44 (0) 20 7457 2020

Mark Reed

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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