29th Jul 2009 11:57
Motive Television plc
("Motive" or the "Company")
Grant of Options
The board of Motive, the media investment company specialising in television rights owners, announces that, on 17 June 2009, options were granted over ordinary shares to directors of the Company as follows:-
|
Director |
Number of options granted |
Total number of options subsequently held |
Number of ordinary shares held |
Percentage of ordinary shares held |
|
Michael Pilsworth |
5,000,000 |
8,500,000 |
6,011,904 |
1.76% |
|
Alistair King |
5,000,000 |
7,000,000 |
2,214,286 |
0.65% |
|
Leonard Fertig |
5,000,000 |
5,000,000 |
- |
- |
|
Leonard Ryan |
500,000 |
1,250,000 |
833,333 |
0.24% |
|
Michael O'Rourke |
500,000 |
1,250,000 |
30,261,904 |
8.84% |
The options have been granted at a price of 0.45 pence each, representing the average mid-market closing price for the ten business days prior to 17 June 2009.
The options, granted under the Company's unapproved executive share option scheme, vest immediately and are exercisable at any time between 17 June 2012 and 16 June 2019.
Options over 13,700,000 ordinary shares (representing approximately 4 per cent. of the current issued share capital of the Company) have also been granted to key employees of the Company on similar terms.
Pursuant to the warrant agreement dated 4 May 2005 and as described in the Company's admission document of that date, Mr Pilsworth has warrants to subscribe for such number of ordinary shares as shall comprise 7.5 per cent. of the issued ordinary share capital of the Company immediately prior to the time of the exercise of these warrants.
The issued share capital of the Company comprises 342,499,463 ordinary shares of 0.1 pence each.
Further information on the Company can be found on its website, at www.motivetelevision.co.uk
Motive Television plc
Mick Pilsworth, Chairman
Tel: 020 3086 9430
Nominated Adviser to Motive Television plc
Dowgate Capital Advisers Limited
Liam Murray or Jo Turner
Tel: 020 7492 4777
Related Shares:
Motive Television Plc