21st Jan 2011 13:58
PLUS Markets Group plc21 January 2011 Award of share options
The following notification is made in accordance with Rule 17 of the AIM Rules.On 21 January 2011, as part of an award to staff and senior management underthe PLUS Markets EMI Share Option Plan (the "Plan") the following directors ofthe Company were granted options to acquire ordinary shares of £0.05 each inthe Company ("Shares") at an exercise price of £0.05 per Share as summarisedbelow. Director name Number of Shares subject to option Cyril Theret 2,400,000 Nemone Wynn-Evans 2,400,000
These options shall be subject to certain performance conditions, including the Company reaching a share price target specified at 7.5p. No consideration was paid for the grant of the options. To the extent that options vest in accordance with the applicable performance conditions, the exercise period for the options is 21 January 2014 to 20 January 2021, assuming the optionholder remains in the Company's employment.
On the same date, the following directors of the Company surrendered the following options over Shares for nil consideration:
Director name Number of Shares subject Grant date to option surrendered 67,800 11/03/2004 400,000 17/03/2005 Cyril Theret 500,000 16/12/2005 450,000 18/05/2006 1,557,449 18/01/2007 220,000 23/09/2008 -------------------------------------------------------------------------- 290,909 11/03/2005 109,091 17/03/2005 Nemone Wynn-Evans 500,000 16/12/2005 1,292,289 18/01/2007 720,000 23/09/2008
The Company was informed of the above transactions on 21 January 2011.
For further information, please contact:
Nemone Wynn-Evans 020 7553 2000
PLUS Markets Group plc
Alexander Dewar / Iain Marlow (Nominated Advisor) 0845 213 1010
Brewin Dolphin LimitedJeff Watt 020 7680 5069Greentarget (PR Enquiries)
vendorRelated Shares:
Digitalbox