2 Jul 2014 07:00
LITEBULB GROUP LIMITED
("LiteBulb" or the "Company")
Grant of Share Options
LiteBulb (AIM: LBB), the brand and product development specialist, announces that on 1 July 2014 it granted share options to directors and employees of the Company or its subsidiaries. Options over a total of 201,529,424 new shares ("New Share Options"), representing 8.00 per cent of the Company's issued share capital, have been granted at an exercise price of 0.81 pence per ordinary share, subject to the terms of the either the Unapproved or EMI Company share option schemes.
The allocation of the New Share Options to Directors and persons displaying managerial responsibility is detailed in the following table:
Name | Number of options granted under the Company's EMI scheme | Number of options granted under the Company's Unapproved scheme | Total number of options granted | Percentage of the Company's current issued share capital | Exercise Price |
Simon McGivern (CEO) | 29,177,033 | 46,396,501 | 75,573,534 | 3.00 | 0.81p |
James Phillips (COO) | 29,177,033 | 46,396,501 | 75,573,534 | 3.00 | 0.81p |
Guy Pettigrew (PDMR) | 25,191,178 | - | 25,191,178 | 1.00 | 0.81p |
The options granted to Simon McGivern and James Phillips vest in two equal tranches on 31 December 2014 and 30 June 2015, in view of their existing long service with the Company. The options granted to Guy Pettigrew vest in three equal tranches on 31 December 2014, 31 December 2015 and 31 December 2016. Following this grant of options, there are 360,118,727 options over ordinary shares in the Company in issue representing 14.3 per cent of the Company's issued share capital.
Additionally it is planned to shortly issue a further 3,086,420 Unapproved options to each of the three Non-Executive Directors, totalling 9,259,260 options to be issued, at an exercise price of 0.81p. These options will vest on the anniversary of the date of issue and will bring the total number of options over ordinary shares in the Company in issue to 369,377,987, equating to 14.6 per cent of the Company's issued share capital.
For further information, please contact:
LiteBulb Group Limited | www.litebulbgroup.com | ||
Simon McGivern, Chief Executive | Tel: 020 3384 7131 | ||
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finnCap (NOMAD & Broker) | Tel: 020 7220 0500 | ||
Stuart Andrews/Ben Thompson (Corporate Finance) |
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Joanna Weaving (Corporate Broking) |
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Walbrook PR Limited | Tel: 020 7933 8780 | ||
Bob Huxford | bob.huxford@walbrookpr.com or 07747 635 908 | ||
Paul McManus | paul.mcmanus@walbrookpr.com or 07980 541 893 | ||
About LiteBulb Group
LiteBulb Group designs, manufactures and distributes innovative brands and products to the global retail market.
LiteBulb Products - our wide range of products are sold in over 30 countries through blue chip retailers including: ASDA, BHS, Tesco, Sainsbury's, WH Smith, Halfords, Marks & Spencer, Morrisons, QVC, Next, Fenwicks and Toys R Us.
LiteBulb Creative is a creative agency with global reach, delivering compelling and agile brand extension programmes to the entertainment industry. LiteBulb Creative has designed products and campaigns for clients around the world, including Disney, Hasbro and Miramax.
LBB.L (LBB)