9th Jul 2014 18:06
Optimal Payments PLC
Director's Shareholdings
RNS Number: 9146L
Optimal Payments PLC
9 July 2014
For immediate release
Optimal Payments Plc
Director's Dealings
Wednesday 9th July - On 8th July the Company received notification from Mr Keith Butcher, Chief Financial Officer and Director of the Company, that he exercised 243,161 share options (the "Options") over ordinary shares of 0.01p each of the Company (the "Ordinary Shares") on 8 July 2014, at a price of 0.01p per share. The Options were issued pursuant to the Optimal Payments Long Term Incentive Plan (the "LTIP").
The Company also received notification yesterday that following this exercise, Mr Butcher sold 199,000 Ordinary Shares at an average price of 447.78p per share on 8 July 2014, mainly to satisfy tax obligations and option exercise costs. Mr Butcher will retain the balance of 44,161 Ordinary Shares in addition to his existing holding of 100,463 Ordinary Shares.
Following these transactions, Mr Butcher will have the following interests in the Company's issued share capital:
Director | Number of Ordinary Shares prior to this exercise and share sale | Number of Ordinary Shares following this exercise and share sale | % of issued share capital | Number of Awards remaining under the LTIP prior to this exercise | Number of options exercised under the LTIP | Total Number of Awards remaining under the LTIP |
Keith Butcher | 100,463 | 144,624 | 0.09% | 504,226 | 243,161 | 261,065 (1) |
(1) Mr Butcher is also interested in 261,065 Ordinary Shares by way of awards made to him under the Optimal Payments Long Term Incentive Plan. These shares remain unvested subject to achievement of certain performance conditions in future years.
As at 9th July 2014, the Company had 161,650,902 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
Caroline Merrell / 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 and territories to move and manage billions of dollars each year. Merchants use the NETBANX® platform and services to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments; and the NETELLER® service to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER and Net+® Card stored-value offering to make secure and convenient payments. Optimal Payments Plc is quoted on the London Stock Exchange's AIM, 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 http://www.optimalpayments.com/media/email-alerts.
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