12th May 2009 17:41
Commoditrade Inc.
12 May 2009
Commoditrade Inc.
("Commoditrade" or "the Company")
Director's Share Options
Commoditrade announces the following in respect of share options awarded to a Director of the Company.
The Company's Remuneration Committee has granted Chief Executive David Phipps, effective 8 May 2009, options to acquire 16,000,000 ordinary shares of 0.1p each ("Ordinary Share") exercisable at a price of 5 pence. These options will vest in tranches based on the Commoditrade share price as follows:
|
Number of shares under option |
Share price |
|
1,000,000 |
5 pence |
|
2,500,000 |
10 pence |
|
3,000,000 |
20 pence |
|
3,500,000 |
30 pence |
|
3,500,000 |
40 pence |
|
2,500,000 |
50 pence |
The options, once vested, will be immediately exercisable.
In addition to the above, David Phipps also beneficially holds 950,000 Ordinary Shares, representing 0.27 per cent of the Company's issued share capital.
www.commoditrade.net
|
Enquiries: |
|
|
Commoditrade, David Phipps |
tel: +44(0)20 7245 1100 |
|
Strand Partners, (Nominated Adviser) |
tel: +44(0)20 7409 3494 |
|
James Harris/Angela Peace |
|
|
Liberum Capital (Broker) |
tel: +44(0)20 3100 2000 |
|
Chris Bowman/Ellen Francis |
|
|
Hansard Group, John Bick |
tel: +44(0)20 7245 1100 |
Related Shares:
FOR.L