28 Aug 2009 07:00
| Under embargo until 7:00am | 28 August 2009 |
@UK PLC
("@UK" or the "Company")
Share Options
@UK PLC (AIM:ATUK.L), a provider of spend analysis, eCommerce and eProcurement software solutions that combine into a comprehensive eMarketplace used by government, health and private sectors, today announces the award of share options to all staff and certain directors together with consultants. In the interim results announcement on 12 August 2009, the Chairman's statement stated that to "reward the teams' performance we are introducing incentives by means of share options and profit share".
The Company has today granted options over 2,930,795 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at an exercise price of 1.75 pence per Ordinary Share compared to the closing mid-market share price immediately prior to the award of the options of 1.62p. The options will be exercisable from the third anniversary of the date of grant and will expire unless exercised on or before 10 years from the date of grant. The above includes options awarded to certain directors of the Company over 487,500 Ordinary Shares on the same terms, as detailed below:
An option over 300,000 Ordinary Shares to Ronald Duncan (total 300,000 Ordinary shares under option following this grant); and
An option over 187,500 Ordinary Shares to Lyn Duncan, (total 187,500 Ordinary Shares under option following this grant).
For further information please contact:
| @UK PLC Ronald Duncan | +44 (0) 118 963 7000 |
| Beaumont Cornish Limited Roland Cornish | +44 (0) 20 7628 3396 |
Notes to Editors
@UK PLC is a leading UK electronic marketplace provider, that has formed over 180,000 companies using its SiteGenerator ecommerce engine and is providing ecommerce to NHS Suppliers as part of NHS Cat with NHS Supply Chain. @UK PLC's SiteGenerator ecommerce allows suppliers to trade with all major finance systems, @UK PLC's marketplace and other leading marketplaces.
@UK PLC has an OGC Buying Solutions framework contract for the provision of its new Spend Analysis services.
@UK's software provides a secure internet eMarketplace enabling buyers such as local authorities, schools and hospitals to buy online from commercial suppliers ranging from large corporations to small to medium enterprises (SMEs). This allows buying and selling to take place with no paperwork and transposition reduced chance of errors, achieving major savings throughout the supply chain. @UK PLC also offers services to new businesses, including incorporation, company secretarial services and filing annual returns.
@UK is included in the Software and Computer Services Sector (9530). For further information please visit www.uk-plc.net.
CBUY.L (CBUY)