5th Aug 2009 16:27
NEOVIA Financial Plc
Grant of options
Wednesday, 5 August 2009 - NEOVIA Financial Plc (LSE: NEO) makes the following announcement regarding options to be granted with an effective grant date of 17 June 2009. The Company confirms that, following receipts of acceptances by Eligible Executives, it has granted a total of 100,000 options to Eligible Executives over the Company's ordinary shares of 0.01 pence.
The options were granted under the UK Approved NEOVIA Financial Plc Approved Share Option Plan (the "Approved Plan"). The options were granted at an exercise price of 50 pence, being the average of the mid-closing price of the Company's shares for the three trading days prior to 17 June 2009.
The period during which these options can be exercised is as follows:
100,000 options have a grant period of 3½ years from 17 June 2009, having vesting dates annually on 15 October 2009, 2010 and 2011, on which dates one third of the options granted vest. These options expire on 5 December 2012 and the last date for exercise is therefore 4 December 2012.
As at 4 August 2009, the Company has total options outstanding of 7,959,262, with 7,247,414 options under the Unapproved Plan and 711,848 options under the Approved Plan. As at 4 August 2009, the Company had 119,920,953 ordinary shares in issue.
For further information contact:
Andrew Gilchrist + 44 (0) 1624 698 713
VP Communications, NEOVIA Financial Plc
Email: [email protected]
Daniel Stewart & Co Plc + 44 (0) 207 776 6550
Paul Shackleton
Related Shares:
Paysafe Group