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Issue of Options - Correction

20 Feb 2013 15:58

RNS Number : 3306Y
1Spatial Plc
20 February 2013
 



Correction: Re-issued to amend exercise prices in table to £0.0494.

 

20 February 2013

1Spatial plc

("1Spatial" or the "Company")

Issue of Options

 

1Spatial Plc (AIM: SPA), the Spatial Big Data Company, which manages the world's largest spatial data, announces that on 19 February 2013 options over 18,825,911 ordinary shares of 1p each in the Company ("Ordinary Shares") were issued to a number of employees and directors under the Company's EMI share option plan. The options will vest as to 8,886,640 over 3 years and 9,939,271 subject to the Company meeting certain performance targets and will be exercisable at £0.0494 each. The total number of options now outstanding over Ordinary Shares is 21,300,215, representing 6.08 per cent. of the Company's issued share capital. The awards to directors were as follows:

 

Director

Number of Options

Exercise Price

Marcus Hanke (CEO)

3,238,866

£0.0494

Claire Milverton (CFO)

2,429,150

£0.0494

Dr Mike Sanderson (Director of Strategic Development)

1,619,433

£0.0494

 

In the case of Marcus Hanke, 809,717 options will vest in three equal tranches on 19 February 2014, 19 February 2015 and 19 February 2016. Up to a further 2,400,000 will vest subject to the Company meeting certain performance targets.

In the case of Claire Milverton, 607,287 options will vest in three equal tranches on 19 February 2014, 19 February 2015 and 19 February 2016. Up to a further 1,821,862 will vest subject to the Company meeting certain performance targets.

In the case of Dr Mike Sanderson 1,619,433 options will vest subject to the Company meeting certain performance targets.

Marcus Hanke, Claire Milverton and Dr Mike Sanderson hold 29,157,458, 388,857 and 37,665,764 Ordinary Shares respectively, representing 8.32, 0.12 and 10.75 per cent. respectively of the ordinary share capital of the Company.

- END -

For further information, contact:

1Spatial plc

Marcus Hanke/Claire Milverton

Tel: +44 (0)870 8802 978

Strand Hanson Limited

James Harris / Andrew Emmott

 

Tel: +44 (0)20 7409 3494

Mirabaud Securities LLP

Rory Scott

Tel: +44 (0)20 7878 3360

Bishopsgate Communications

Nick Rome/Sam Allen/Matthew Low

1spatial@bishopsgatecommunications.com

Tel: +44 (0)20 7562 3350

 

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