8th Jun 2015 17:16
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 |
Related Shares:
DDD.L