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Change of Directorate

29th Jun 2009 07:47

RNS Number : 6489U
32Red Plc
29 June 2009
 



32Red Plc 

("the Company")

Change of Directorate

Following a successful few years with the Company, Martin Saunders, formerly Trading Director, has left the Company to pursue other opportunities within the betting and gaming industry. Martin was instrumental in the integration of an entire business unit and latterly new products and services for 32Red. He leaves with the Board's very best wishes for the future.

The option in respect of 250,000 ordinary shares of 0.2p each in the Company granted by the Company to Mr Saunders on 21 October 2006 shall vest on 21 October 2009 and shall be exercisable at a price of 86p per share by Mr Saunders at any time in the period commencing on 21 October 2009 and ending on 30 June 2010.

The option in respect of 30,000 ordinary shares of 0.2p each in the Company granted by the Company to Mr Saunders on 23 October 2006 shall vest on 2 October 2009 and shall be exercisable at a price of 0.025p at any time in the period commencing on 21 October 2009 and ending on 31 December 2009.

All other options held by Martin Saunders have lapsed.

29 June 2009

Enquiries:

32Red Plc

Tel: 00 35 049 396

Ed Ware, CEO

Jon Hale, Finance Director

Numis Securities

Tel: 020 7260 1000

Lee Aston, NOMAD

Chris Wilkinson, Corporate Broking

College Hill Associates

Matthew Smallwood

Tel: 020 7457 2020

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