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Issue of options

16 Oct 2013 13:34

RNS Number : 6672Q
1Spatial Plc
16 October 2013
 

16 October 2013

1Spatial plc

("1Spatial" or the "Company")

Issue of Options

 

1Spatial Plc (AIM: SPA), the Spatial Big Data Company, which manages some of the world's largest spatial data,announces that on 15 October 2013 options over 22,500,000 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 over various vesting periods and have been issued to motivate, attract and tie in key staff within the business. The options vest based on a number of different conditions including share price and other performance targets and time elapsed. The total number of options now outstanding over Ordinary Shares is 41,618,396, representing 6.4% of the Company's ordinary issued share capital. The awards to directors were as follows:

 

Director

Number of Options

Exercise Price

Marcus Hanke (CEO)

7,000,000

6.0p

Claire Milverton (CFO)

5,000,000

6.0p

 

In the case of Marcus Hanke, 7,000,000 options will vest on the earlier of the share price achieving 15p or equally over four years from the date of grant.

 

In the case of Claire Milverton, 5,000,000 options will vest on the earlier of the share price achieving 15p or equally over four years from the date of grant.

Marcus Hanke and Claire Milverton currently hold 29,124,641 and 388,857 Ordinary Shares respectively, representing 4.48% and 0.06% of the ordinary issued share capital of the Company.

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For further information, contact:

1Spatial plc

Marcus Hanke/Claire Milverton

Tel: +44 (0)1223 420 414

N+1 Singer

Shaun Dobson/ Matt Thomas

 

Tel: +44 (0)20 7496 3000

FTI

Sophie McMillan/Lucy Delaney

Tel: +44 (0)20 7831 3113

 

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