Last checked at 28 Nov 2013 16:29
For immediate release
28 November 2013
Sarantel Group Plc
("Sarantel" or the "Company")
Grant of Options
The Company announces that it has today granted options to the following Directors to subscribe for a total of 30 million new ordinary shares at an exercise price of 0.4p (being the closing mid-market price on 27 November 2013, being the last practicable date prior to the grant of options) expiring seven years from the date of grant and which vest immediately:
David Lenigas | 10 million |
Donald Strang | 10 million |
David Wither | 10 million |
Total | 30 million |
The options represent approximately 4.9 per cent. of the current issued ordinary share capital of the Company.
Enquiries:
Sarantel Group PLC | |
Donald Strang | Tel: 020 7440 0640 |
Beaumont Cornish (Nominated Adviser) | |
Roland Cornish / Michael Cornish / Emily Staples | Tel: 020 7628 3396 |
XCAP Securities PLC (Corporate Broker) | Tel: 020 7101 7070 |
David Lawman |
|
ENDS