22nd Nov 2007 15:46
NETeller PLC22 November 2007 NETELLER Plc Grant of Options Thursday, 22 November 2007 - NETELLER Plc (LSE: NLR), the world's leadingindependent global online payments business, announces that the Company grantedon 21 November 2007 a total of 196,017 options to Eligible Executives over theCompany's ordinary shares of 0.01 pence each under the NETeller Plc Share OptionPlan (the "Plan"). These options were granted at an exercise price of 72.0pence, being the average of the mid-closing price of the Company's shares forthe three trading days prior to 21 November 2007. The period during which these options can be exercised is as follows: • 107,017 options have a grant period of 31/2 years from 30 October 2007, having vesting dates annually on 15 October 2008, 2009 and 2010, on which dates one third of the options granted vest. • 89,000 options have a grant period of 4 years from 30 October 2007 with vesting dates annually on 15 October 2008, 2009 and 2010, but on which dates vesting occurs in the proportions of 30%, 30%, and 40% on each respective vesting date. In accordance with the Plan rules, Eligible Executives have until 17 December2007 to accept their respective option grants, following which a furtherannouncement will be made confirming the number of options granted in total.Any options which are not accepted by the above date will lapse. Optionsgranted under both categories are granted conditionally upon those EligibleExecutives who are existing option holders agreeing to surrender a total of213,034 options which were granted in 2005 (any time) or 2006 (any time otherthan 20 November grant). The Company's issued share capital as at 21 November 2007 was 119,920,953 ordinary shares. Enquiries: Andrew Gilchrist + 44 (0) 7824 385 829VP Communications, NETELLER Plc Daniel Stewart & Co Plc + 44 (0) 207 776 6550Paul Shackleton Citigate Dewe Rogerson + 44 (0) 207 638 9571Sarah Gestetner / Seb Hoyle / George Cazenove This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Paysafe Group