17th Sep 2013 07:00
Optimal Payments PLC
Director's Shareholdings
Optimal Payments PLC
17th September 2013
For immediate release
Optimal Payments Plc
Director's Dealings
Tuesday 17th September 2013 - Optimal Payments Plc (LSE: OPAY) (the "Company"), announces the following transactions in ordinary shares of 0.01p each in the Company ("Ordinary Shares) by a Director of the Company which occurred on 16th September 2013.
On 16th September 2013 the Company received notification from Mr Keith Butcher, Chief Financial Officer and Director of the Company, of the exercise of 120,933 options over Ordinary Shares under the Company's 2011 Long Term Incentive Plan. The Company also received notification that Mr Butcher has also sold 175,000 Ordinary Shares from his existing holding which were sold at an average price of 249.1731 pence each. A proportion of the proceeds of the share sale will be used to satisfy tax obligations and option exercise costs of the option exercise
Following these transactions, Mr Butcher will have the following interests in the Company's share capital:
Director | Number of Ordinary Shares prior to this exercise / share sale | Number of Ordinary Shares following this exercise / share sale | % of issued share capital | Number of Awards issued under the LTIP prior to this exercise | Number of options exercised under the 2011 LTIP | Total Number of Awards remaining under the LTIP |
Keith Butcher | 179,530 | 125,463 | 0.08% | 809,094 | 365,933 | 443,161 (1) |
(1) Mr Butcher is also interested in 443,161 Ordinary Shares by way of awards made to him under the Company's Long Term Incentive Plan. These shares remain unvested subject to achievement of certain performance conditions in future years.
As at 17th September 2013, the Company had 149,572,835 ordinary shares in issue with voting rights.
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For further information contact:
Optimal Payments
Elaine Swain, Company Secretary + 44 (0) 1624 698 715
Canaccord Genuity Limited + 44 (0) 207 523 8000
Simon Bridges
Cameron Duncan
Citigate Dewe Rogerson + 44 (0) 207 638 9571
Angharad Couch / Nicola Swift / Priscilla Garcia
About Optimal Payments
Optimal Payments is a global provider of online payment solutions. Trusted by businesses and consumers in over 200 countries to move and manage billions of dollars each year, merchants use the NETBANX® processing service to simplify how they accept and settle credit card, direct-from-bank, and cash payments; and the NETELLER® payment account to increase margins, capture new customers and increase their lifetime value. Being an independent provider has allowed the company to support tens-of-thousands of merchants around the globe across a wide range of industries. Optimal Payments Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN 900015). For more information on Optimal Payments visit www.optimalpayments.com or subscribe at www.optimalpayments.com/feed or follow us on Twitter @optimalpayments.
This information is provided by RNS
The company news service from the London Stock Exchange
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