7th May 2008 12:33
Spiritel PLC07 May 2008 For immediate release 7 May 2008 SPIRITEL PLC ("Spiritel" or "the Company") Grant of Options Spiritel plc (AIM: STP), the business communications services provider,announces the following award of options over the Company's ordinary shares of1p each. +--------------+--------+-----------+--------+-----------+---------+----------+| Name |Position| Number of |Exercise| Total | Total |Percentage|| | | options | price | number of |number of|of issued || | | awarded | per | options |ordinary | ordinary || | | | share | held | shares | share || | | | | | held | capital |+--------------+--------+-----------+--------+-----------+---------+----------+|Lord St John |Chairman|4,000,000 | 1.25p |4,000,000 |823,333 | 0.3 ||of Bletso | | | | | | |+--------------+--------+-----------+--------+-----------+---------+----------+|Steven Maine |Deputy |4,000,000 | 1.25p |4,000,000 | Nil | Nil || |Chairman| | | | | |+--------------+--------+-----------+--------+-----------+---------+----------+ In conjunction with this award Lord St John of Bletso and Steven Maine haveagreed to the simultaneous cancellation of all of their existing options overthe Company's ordinary shares of 1p each. The grants are being made under the Spiritel Plc Share Option Scheme. Theoptions will vest as to 50 per cent of the granted amounts on the firstanniversary of the date of grant and as to the remainder on the secondanniversary of the date of grant. Following this grant, the total number of options and warrants in issue is87,257,491, representing 27.6 per cent of the issued ordinary share capital of316,233,646. For further information: Spiritel plc 020 7160 0100Alastair Mills, Chief Executive Daniel Stewart & Co 020 7776 6550Simon Leathers Tavistock Communications 020 7920 3150Simon Hudson / Clemmie Carr Notes for Editors: About Spiritel plc Spiritel is a fully integrated business communications group which enables itscustomers to take advantage of the opportunities created by rapidly changingtelecoms markets as the migration to Internet Protocol (IP) based servicesaccelerates. The Group is a consolidator of the highly fragmented UK telecomsreseller market and is building a substantial customer base and scale throughselective acquisitions. We are organised into two divisions, SpiritelTechnologies - focused on networking and IP products and services - and SpiritelBusiness, which provides services directly to our Business customers. Spiritel offers fixed and mobile voice and data communications solutionsincluding Voice over IP (VoIP), data networking, telephone systems and ISPservices to a rapidly expanding customer base. We are a leader in the provisionof new, but proven, Voice over IP (VoIP) solutions that are firmly based on theold-fashioned service values which run throughout the Group. For further information please visit www.spiritelplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
STP.L