27th Sep 2006 13:10
CAP-XX Limited27 September 2006 CAP-XX Limited Grant of Options CAP-XX Limited has agreed to grant to its employees, upon satisfaction ofAustralian regulatory requirements, a total of 1,760,000 options to acquire acorresponding number of ordinary shares each of no par value in the Company. The options were granted on the 19th September 2006 under the terms andconditions of the Company's Employee Share Option Plan. The exercise price ofthe options is Aus$2.38 per share. 25% of the options granted to each employeewill vest on 19 September 2007 with the balance vesting over the following 36months at the rate per month of 1/48 of the total options granted to eachemployee. The options expire in accordance with the Plan at the latest on 19September 2016. Included in the grant is Anthony Kongats, the Company's Managing Director, whois being granted 150,000 options. This information is provided by RNS The company news service from the London Stock Exchange