14th Jan 2009 16:34
|
Press release |
For immediate release |
NEOVIA Financial Plc
Grant of options
Wednesday, 14 January 2009 - NEOVIA Financial Plc (LSE: NEO) makes the following announcement regarding options to be granted further to the Company's announcement on 8 December 2008.
The Company confirms that, following receipts of acceptances by Eligible Executives, it has granted a total of 2,789,100 options to Eligible Executives over the Company's ordinary shares of 0.01 pence.
The options were granted under the two share options plans operated by the Company as follows:
The options under both the Unapproved Plan and the Approved Plan were granted at an exercise price of 53 pence, being the average of the mid-closing price of the Company's shares for the three trading days prior to 5 December 2008.
The period during which these options can be exercised is as follows:
Under the Unapproved Plan:
2,158,135 options have a grant period of 4 years from 5 December 2008, 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; and 2,450 options have a grant period of 3½ years from 5 December 2008, having vesting dates on 15 January 2009, 15 October 2009 and 15 October 2010, on which dates one third of the options granted vest. These options expire on 5 June 2012 and the last date for exercise is therefore 4 June 2012.Under the Approved Plan:
The table below sets out the details relating to each Director in respect of the information set out above and their total options outstanding as at 13 January 2009:
|
Director |
Grant date |
Exercise Price (pence) |
Exercise period (earliest/latest) |
Options granted Unapproved Plan |
Options granted Approved Plan |
Total |
|
Dale Johnson |
20.11.06 30.10.07 30.10.07 05.12.08 |
138p 72.75p 72.75p 53p |
14.04.07 / 14.04.10 30.10.08 / 30.04.11 30.10.08 / 30.10.11 15.10.09 / 04.12.12 |
225,000 105,000 50,000 75,000 |
- - - - |
225,000 105,000 50,000 75,000 |
|
455,000 |
455,000 |
|||||
|
Don Lindsay |
20.11.06 30.10.07 30.10.07 05.12.08 |
138p 72.75p 72.75p 53p |
14.04.07 / 14.04.10 30.10.08 / 30.04.11 30.10.08 / 30.10.11 15.10.09 / 04.12.12 |
40,000 20,000 30,000 40,000 |
- - - - |
40,000 20,000 30,000 40,000 |
|
130,000 |
130,000 |
|||||
|
Ron Martin |
20.11.06 30.10.07 30.10.07 05.12.08 |
138p 72.75p 72.75p 53p |
14.04.07 / 14.04.10 30.10.08 / 30.04.11 30.10.08 / 30.10.11 15.10.09 / 04.12.12 |
600,000 250,000 250,000 351,900 |
- - - - |
600,000 250,000 250,000 351,900 |
|
1,451,900 |
1,451,900 |
|||||
|
John Webster |
20.11.06 30.10.07 30.10.07 05.12.08 |
138p 72.75p 72.75p 53p |
14.04.07 / 14.04.10 30.10.08 / 30.04.11 30.10.08 / 30.10.11 15.10.09 / 04.12.12 |
40,000 20,000 30,000 40,000 |
- - - - |
40,000 20,000 30,000 40,000 |
|
130,000 |
130,000 |
|||||
|
Total |
20.11.06 30.10.07 30.10.07 05.12.08 |
138p 72.75p 72.75p 53p |
14.04.07 / 14.04.10 30.10.08 / 30.04.11 30.10.08 / 30.10.11 15.10.09 / 04.12.12 |
905,000 395,000 360,000 506,900 |
- - - - |
905,000 395,000 360,000 506,900 |
|
2,166,900 |
Nil |
2,166,900 |
As at 13 January 2009, the Company has total options outstanding of 9,795,150, with 9,166,635 options under the Unapproved Plan and 628,515 options under the Approved Plan. As at 13 January 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]
Citigate Dewe Rogerson + 44 (0) 207 638 9571
Sarah Gestetner / George Cazenove
Daniel Stewart & Co Plc + 44 (0) 207 776 6550
Paul Shackleton
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