23rd Nov 2015 07:00
23 November 2015
Kalibrate Technologies plc
("Kalibrate" or the "Group")
Grant of options
Kalibrate Technologies plc (AIM: KLBT), the provider of strategy and technology services to the global fuel and convenience retail industry, today announces that on 20 November the Company has granted options to the following directors, as set out in the table below, and employees. These options, granted pursuant to the Company's Enterprise Management Incentive Plan, were over a total of 545,000 ordinary shares of 1 penny each in the Company ("Options") on the terms detailed below. The Options have an exercise price of 94.5 pence.
Name | Position | No. of options granted | Exercise Price (p) | Total no. of options now held | Total no. of options now held as a %age of the current issued share capital |
Robert Burton Stein, Jr. | CEO | 175,000 | 94.5 | 2,734,044 | 8.09 |
Gregg R Budoi | CFO | 100,000 | 94.5 | 500,000 | 1.48 |
Options granted vest on the first, second and third anniversaries of the date of grant as to approximately 33%, 33% and 34%, respectively and are exercisable from the third anniversary of the grant date until the tenth anniversary.
For further information please contact:
Kalibrate Technologies plc | via FTI Consulting, LLP |
Robert B Stein, Jr. Chief Executive Officer | |
Gregg R Budoi, Chief Financial Officer | |
N+1 Singer Advisory LLP | +44 (0) 20 7496 3000 |
Shaun Dobson Alex Price | |
FTI Consulting, LLP | +44 (0) 20 3727 1000 |
Matt Dixon / Chris Lane / Emma Appleton |
About Kalibrate
For over 20 years, Kalibrate (LSE: KLBT) has advised fuel and convenience retailers throughout the world on how to be best-in-class operators in the fast changing marketplace. Kalibrate's global footprint and local presence are the result of a merger between two market leaders: KSS Fuels, the forerunner in fuel pricing automation, and MPSI, recognized leaders of retail location intelligence. Clients gain fuller visibility, truer insight and more effective control over what matters most-what Kalibrate calls Your Adaptive Edge™.
Headquartered in Manchester, United Kingdom and Florham Park, New Jersey, Kalibrate has centers of excellence in Mumbai, India; Tulsa, Oklahoma; and Melbourne, Australia as well as offices in 10 other countries. For more information, visit kalibrate.com.
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