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Grant of Options

8th Jun 2015 17:16

RNS Number : 5668P
DDD Group PLC
08 June 2015
 

 

8 June 2015

DDD GROUP PLC

 

GRANT OF OPTIONS

DDD Group plc (AIM: DDD, OTCQX: DDDGY, the 'Group' or 'DDD'), the advanced imaging and 3D solutions company, announces that on 8 June 2015 the Remuneration Committee of DDD approved a grant of options over 3,650,000 ordinary shares of 1p each in the Company ("Ordinary Shares") to the management and staff of the Group including Chris Yewdall and Victoria Stull who are both executive directors. The options have an exercise price of 1.75p per Ordinary Share which is the mid-market closing price of the shares on the grant date. The Directors and officers to whom options have been granted are detailed below:

Director/ Officer

 

Date of grant

Number of option shares

Exercise price per option share

Total number of option shares

Exercise period

C Yewdall (CEO)

8 June 2015

1,000,000

1.75p

3,300,000

8 June 2016 to 7 June 2020

V Stull (CFO)

8 June 2015

500,000

1.75p

1,550,000

8 June 2016 to 7 June 2020

J Flack1 (CTO)

8 June 20152

500,000

1.75p

1,550,000

8 June 2016 to 7 June 2020

 1Non-director

2Australian share plan rules require an offer and acceptance of the grant. As a result, the official grant date may be up to 60 days after this date under local law for Australian recipients.

The final grant and exercise dates may vary due to the applicable local tax regulations under which the shares are granted as noted above. The options will vest and become exercisable as to one-third on the first anniversary of the date of grant, one-third on the second anniversary of the date of grant and one-third on the third anniversary of the date of grant. All of the said options will expire, if not exercised, on 7 June 2020.

Enquiries

 

DDD Group

Chris Yewdall, President & CEO

Victoria Stull, CFO

 

+1 310 566 3340

Peel Hunt LLP (UK Nomad/Broker)

Richard Kauffer / Euan Brown

 

+44 (0)207 418 8900

Beaufort Securities (Joint broker)

Jon Levinson / Elliot Hance

 

+44 (0)207 382 8300

Blytheweigh (UK IR)

Tim Blythe / Andrea Benton

 

+44 (0)207 138 3204

Berns & Berns (US PAL)

Michael Berns, esq.

+1 212 332 3320

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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