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Grant of Options

15th Feb 2011 15:40

RNS Number : 2867B
Vitesse Media PLC
15 February 2011
 

 

Vitesse Media PLC ('Vitesse Media' or 'the Company')

 

Grant of Options

 

 

Vitesse Media PLC (AIM: VIS), the online publisher and events company, announces that the Company has today granted options to acquire new ordinary shares of 1p each ('Ordinary Shares') in the Company to the following Directors:

 

Leslie Copeland, Chief Executive Officer: 300,000 options

Niki Baker, Chief Operating Officer: 200,000 options

Andrew Brode, Non-Executive Director: 100,000 options

Keith Willey, Non-Executive Director: 100,000 options

 

The options are exercisable at 8 pence per share, which is based on the mid market closing price on 14 February 2011. The options will vest on the expiry of a period of three years. The exercise period runs until 14 February 2021.

 

Following this grant, the Company has a total of 2,303,394 options in issue.

 

Contacts:

 

Sara Williams / Leslie Copeland Vitesse Media plc 020 7250 7010

 

Jeremy Porter (Corporate Finance) Seymour Pierce Ltd 020 7107 8000

David Banks (Corporate Broking)

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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