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Grant of options

27th Feb 2013 07:00

RNS Number : 7399Y
Top Level Domain Holdings Ltd
27 February 2013
 



For Immediate Release 27 February 2013

 

 

Top Level Domain Holdings Limited

("TLDH" or the "Company" or the "Group")

 

Grant of options

 

Further to the adoption of the 2012 Option Scheme, announced 13 August 2012, which allows incentive options to be issued to qualifying US-based employees, the Company has today granted in aggregate 14,749,870 options to certain Directors at an exercise price 6.3 pence per Ordinary Share (being the volume weighted average of the closing share price for the month up to and including 12 February 2013) and 2,750,130 options at an exercise price of 6.9 pence per Ordinary Share (110% of the volume weighted average). The Directors that have been awarded the options are as follows:

 

 

Director

Number of options awarded

Exercise price per Ordinary Share

Fred Krueger

2,750,130

2,249,870

6.9p

6.3p

Antony Van Couvering

12,500,0000

6.3p

 

In aggregate the 17,500,000 options granted to the Directors represent approximately 3.4 per cent of the current issued share capital of the Company. In respect of the awards to Fred Krueger and Antony Van Couvering, 2,249,870 options and 9,474,857 options respectively vest with immediate effect. The balance will vest in one-twelfth increments over the next four years. In addition a further 2,350,000 options at an exercise price of 6.3p have been awarded to employees which will similarly vest in one-twelfth increments over the next three years.

 

Following the grant of the new options to directors and employees, there are in aggregate a total of 41,988,847 outstanding options held by directors and employees representing approximately 7.8 per cent of the Company's issued share capital.

 

 

Further Information:

 

Top Level Domain HoldingLimited

NortAmerica

Antony Van Couvering Tel: + 1 917 406 7126

 

Beaumont Cornish Limited (Nomad) Tel +44 (0) 20 7628 3396

Roland Cornish

Michael Cornish

 

N+1 Singer (Broker)

Matt Thomas

Tel +44 (0) 20 7496 3000

 

gth media relations

Toby Hall /Suzanne Johnson Walsh Tel: +44 (0) 20 7822 7493/2

 

Or visit the group's website at www.tldh.org

 

 

ENDS

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