26 Sep 2012 13:39
26 September 2012
BANGO PLC
("Bango" or "the Company")
Grant of Options
Bango (AIM: BGO), the mobile web payments and analytics company, announces that on 25 September 2012 under the EMI Share Option Scheme, Peter Saxton, a Director of Bango, was granted the following number of options to subscribe for ordinary shares of 20p each, all at the exercise price of 178.0 pence being the closing mid-market price on 24 September 2012.
Director | Peter Saxton |
Position | Chief Financial Officer |
Number of Options Granted | 32,500 |
The options vest over a three year period, in twelve equal installments, one twelfth each quarter and may be exercised up to the tenth anniversary of the date of grant. The options have been granted as part of the Directors remuneration package.
As announced on 21 May 2012, Mr. Saxton is expected to retire by the end of November 2012. In this case a maximum of one twelfth of the options granted will vest and the remainder will lapse. The process for recruiting a new CFO is in progress and an update will be provided when appropriate.
Contact Details:
Bango plc | Newgate Threadneedle | Cenkos Securities plc |
Tel. +44 1223 472777 www.bango.com | Tel. +44 207 653 9850 | Tel. +44 207 397 8900
|
Ray Anderson, CEO | Caroline Evans-Jones | Ken Fleming |
Peter Saxton, CFO | Fiona Conroy | Neil McDonald |
About Bango
In the era of mobile technology, collecting payments has emerged as a central and complex challenge. Bango (AIM: BGO) powers payment and analytics on the mobile web, providing users with a massively smooth payment experience.
Bango's pervasive presence across the web creates a platform effect for partners, identifying hundreds of millions of users and maximising the number of single click payments. Customers who plug into Bango include Facebook, Blackberry App World, Windows Marketplace, Amazon and major mobile brands including CNN, Cartoon Network and EA Mobile. Visit: bango.com
Bango (BGO)