15th Feb 2011 15:40
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)
Related Shares:
BONH.L