20th Sep 2006 13:28
betinternet.com PLC20 September 2006 betinternet.com Plc ("the Company" or "the Group") Directorate Change and Grant of Options The Board of betinternet.com plc ("betinternet.com"), the global on-linegaming group, is pleased to announce the appointment of Damon Waddington FCCA asFinance Director. Damon, who is 35, joined the Group in February 2006 asFinancial Controller. He previously held the position of Financial Controllerwithin the Fortis Group. Since Damon's arrival at betinternet.com, he has been responsible for thereorganisation of the Company's financial operations and has already identifiedand implemented many cost reductions. Managing Director, Garry Knowles said today: "I am very happy to welcomeDamon onto the board of betinternet.com. He has already proven to be a greatasset to the Company and he will add substantial experience to the executiveteam." Damon is also a director of Premium Consultants Ltd (an Isle of Man company) anda partner of Mishka Partnership. No other information in respect of DamonWaddington is required to be disclosed under Schedule Two (g) of the AIM Rules. betinternet.com plc also announces that the Remuneration Committee has grantedoptions to Garry Knowles, Managing Director. The options have been issued underthe betinternet.com 2005 Share Option Plan. On 20 September 2006, the Company issued options over a total of 3,500,000ordinary shares of 1p each, with an exercise price of 6.0565p per ordinaryshare, exerciseable between 20 September 2009 and 20 September 2016. In addition, Garry Knowles is interested in share options over ordinary sharesof 1p each also granted under the betinternet.com 2005 Share Option Plan. On 18 March 2005, options were granted to Garry Knowles over 1,500,000 shares atan exercise price of 10.4p per share, exercisable between 18 March 2008 and 18March 2015 and on 30 March 2006 over 9,000,000 shares at an exercise price of 5pper share, exercisable between 30 March 2009 and 30 March 2016. For further information: Betinternet.com PlcGarry Knowles, Managing Director Telephone: 01624 698141 Evolution Securities PlcJoanne Lake Telephone: 0113 243 1619 Britton Financial PRTim Blackstone Telephone: 020 7251 2544 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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