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Grant of Share Options

19th Nov 2010 16:37

RNS Number : 5382W
Netplay TV PLC
19 November 2010
 



Date:

19 November 2010

On behalf of:

NetPlay TV plc ('the Company', 'the Group' or 'NetPlay')

For immediate release

 

NetPlayTV plc

 

·; Grant of Share Options

 

On 18th November 2010, options over ordinary shares of 5p each in the Company were granted to the following directors:-

 

·; Charles Butler, Managing Director, was granted 13,986,232 options at the price of 4.28p

·; Clive Jones, Non-Executive Chairman, was granted 600,000 options at the price of 4.28p

·; Andrew Lapping and Graham Stevens, both Non-Executive Directors, were each granted 500,000 at the price of 4.28p

·; Guy Templer, Chief Operating Officer, was granted 2,800,000 options at the price of 4.28p

 

All of the above options are subject to the first third vesting after a period of twelve months, whereas the second third and final third of the options are subject to the achievement of share price targets with one third of the options vesting at each stage when the target share price is reached and maintained for a minimum period of 30 days. The individual share price targets are 9p and 11p.

 

 

-Ends-

 

Enquiries:

 

NetPlayTV plc

www.NetPlayTV.plc.uk

Martin Higginson, Chief Executive Officer

Via Redleaf

 

Redleaf Communications

Tel: 020 7566 6700

Emma Kane / Rebecca Sanders-Hewett / Mike Ward

[email protected]

 

Panmure Gordon

Katherine Roe / Stuart Gledhill

Tel: 020 7459 3600

 

 

Notes to Editors:

 

About NetPlayTV plc

NetPlayTV TV plc is listed on the AIM market of the London Stock Exchange (NPT). NetPlayTV TV operates a number of interactive gaming services under UK, Malta and Alderney gaming licenses, including SuperCasino.com, ChallengeJackpot.com and Bingos.com. These services can also be viewed 24 hours a day live on Sky Channel 866 and 867, every evening on the terrestrial channels, Five, and STV, plus Freeview on Virgin 1, 1am - 4am and Bravo 2 and 24/7 on Virgin Media channel 141.

 

The Company is focused on the delivery of a converged interactive gaming experience allowing its customers to interact with its games on a variety of platforms, TV, Internet and mobile from a common integrated wallet.

 

 

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