Re-pricing of options

8 Jul 2008 16:36

8 July 2008  On-line PLC ('On-line' or the 'Company')  On 8 July 2008, the Company approved the re pricing of all out standing  options of Ordinary shares of 1p ('Ordinary Shares') to the following directors and employees: Clement Chambers 150,000 granted 2nd Sept 03 @ 22.75 pence  150,000 granted 27th Jan 05 @ 46 pence  100,000 granted 9th May 07 @ 25 pence Michael Hodges  150,000 granted 2nd Sept 03 @ 22.75 pence  150,000 granted 27th Jan 05 @ 46 pence  100,000 granted 9th May 07 @ 25 pence Jonathan Mullins  150,000 granted 2nd Sept 03 @ 22.75 pence  50,000 granted 27th Jan 05 @ 46 pence  100,000 granted 9th May 07 @ 25 pence David Crump  130,000 granted 2nd Sept 03 @ 22.75 pence  50,000 granted 27th Jan 05 @ 46 pence  100,000 granted 9th May 07 @ 25 pence Anita Deacon  10,000 granted 27th Jan 05 @ 46 pence  The Company has re-priced all 1,390,000 outstanding options to 20 pence, being the offer price as at close of business on 7 July 2008.Contacts  Grant Thornton UK LLP (Nominated Adviser):  Fiona Kindness, Director, 020 7728 3414