27th Feb 2013 07:00
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 Holdings Limited
North America
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
Related Shares:
MMX.L