14th Oct 2008 13:21
|
14 October 2008 |
Grant of Options to Executive Directors
Ebiquity plc (the "Company") announces that on 14th October 2008 the Company granted the following share awards in the form of nil cost options to Mr Paul Gladman under the Ebiquity plc 2008 Executive Incentive Plan (the "EIP") adopted by the Company on 1st April 2008.
In accordance with the rules of the EIP, EIP awards were granted on 14th October 2008 with a price on grant of 25 pence per ordinary share of 25p each ("Ordinary Shares") as follows:
|
Executive Director |
Number of Ordinary Shares subject to the EIP Award |
Total number of Ordinary Shares over which options held following this notification
|
|
Paul Gladman |
800,000 |
1,308,451 |
Vesting is subject to the continued employment of the Executive Directors and the satisfaction of a 150 p share price target. The EIP awards will be split into two parts. The first part will first become exercisable on 31 March 2010 and the second part on 30 September 2011.
Furthermore, on 14th October 2008, the board of the Company granted share options over Ordinary Shares in the Company under the Company's EMI scheme to Mr Andrew Beach, CFO, as follows:
|
Executive Director |
Exercise Price |
Number of Ordinary Shares over which options granted |
Total number of Ordinary Shares over which options held following this notification
|
|
Andrew Beach |
37 pence |
67,568 |
164,476 |
The grant of options was done under Ebiquity's EMI share option scheme and become exercisable on 8th September 2011.
Enquires:
|
Thomson Intermedia |
||
|
Andrew Beach, CFO |
020 7650 9600 |
|
Related Shares:
Ebiquity