11th Dec 2007 15:11
NETeller PLC11 December 2007 NETELLER Plc Grant of Options Tuesday, 11 December 2007 - NETELLER Plc (LSE: NLR), the independent globalonline payments business, makes the following announcement regarding options tobe granted and cancelled further to the Company's announcement on 1 November2007. The Company confirms that it has granted a total of 3,261,550 options toEligible Executives over the Company's ordinary shares of 0.01 pence each underthe NETeller Plc Share Option Plan (the "Plan"). These options were granted atan exercise price of 72.75 pence, being the average of the mid-closing price ofthe Company's shares for the three trading days prior to 30 October 2007. The period during which these options can be exercised is as follows: 1,115,550 options have a grant period of 31/2 years from 30 October 2007, havingvesting dates annually on 15 October 2008, 2009 and 2010, on which dates onethird of the options granted vest. 2,146,000 options have a grant period of 4 years from 30 October 2007 withvesting dates annually on 15 October 2008, 2009 and 2010, but on which datesvesting occurs in the proportions of 30%, 30%, and 40% on each respectivevesting date. As stated in the announcement of 1 November 2007, these options were grantedconditionally upon those Eligible Executives who are existing option holdersagreeing to surrender their options granted in 2005 (any time) or 2006 (any timeother than 20 November grant). The total number of options that will besurrendered in respect of this is 2,231,100. The table below sets out the details relating to each Director in respect of theinformation set out above: Director Total existing Options granted Options granted Total Total number options to be of options surrendered and (31/2 year (4 year vesting) options outstanding cancelled vesting) granted Dale Johnson 210,000 105,000 50,000 155,000 380,000Don Lindsay 40,000 20,000 30,000 50,000 90,000Ron Martin 500,000 250,000 250,000 500,000 1,100,000John Webster 40,000 20,000 30,000 50,000 90,000Total 790,000 395,000 360,000 755,000 1,660,000 The Company's issued share capital as at 10 December 2007 was 119,920,953 ordinary shares. Enquiries: Andrew Gilchrist + 44 (0) 7824 385 829VP Communications, NETELLER Plc Daniel Stewart & Co Plc + 44 (0) 207 776 6550Paul Shackleton Citigate Dewe Rogerson + 44 (0) 207 638 9571Sarah Gestetner / Seb Hoyle / George Cazenove Notes to Editors About the NETELLER Group Trusted by customers and merchants in over 160 countries to move and managebillions of dollars each year, the NETELLER Group operates the world's leadingindependent online payments business. The Group specialises in providinginnovative and instant payment services where money transfer is difficult orrisky due to identity, trust, currency exchange or distance. Being independenthas allowed the Group to support thousands of retailers and merchants in manygeographies and across multiple industries. NETELLER Plc is quoted on the London Stock Exchange's AIM market, with a tickersymbol of NLR. NETELLER (UK) Limited is authorised and regulated by theFinancial Services Authority (FSA) to operate as a regulated e-money issuer. Formore information about the Group visit www.netellergroup.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Paysafe Group