23rd Oct 2009 12:04
Immedia Group Plc
("Immedia" or "the Company")
EMI SHARE OPTION SCHEME
Immedia Group Plc (AIM: IME.L), the UK's leading provider of live, bespoke radio stations and digital signage for retail, is pleased to announce the following details of the grant of new share options.
The following options were granted on 16 October 2009 under the Immedia Group Plc EMI share option scheme:
|
Name and Position: |
EMI share options |
Total number of EMI options held |
|
Bruno Brookes Chief Executive Officer |
30,000 |
80,000 |
|
Ross Penney Business Affairs Director |
27,000 |
54,000 |
|
All other qualifying staff |
116,000 |
247,000 |
The following Unapproved share options were granted:
|
Name and Position: |
Unapproved share options |
Total number of unapproved options held |
|
Charles Barker-Benfield Finance Director |
27,000 |
54,000 |
The option price for the 16 October 2009 awards is 10.5 pence per share, which was a 5% premium to the closing mid market price on 15 October 2009.
These options have been granted to retain and incentivise all qualifying staff.
Full details of the performance criteria on which vesting of these options depends, including the achievement of significant growth in profits before tax, and expiry dates, will be disclosed in the Company's 2009 financial statements.
Contact:
Immedia Group Plc
Bruno Brooks, Chief Executive Officer Tel: + 44 (0) 1635 556200
www.immediaplc.com
Daniel Stewart & Company plc
Christopher Theis / Simon Leathers Tel: + 44 (0) 20 7776 6550
Related Shares:
IME.L