30th Jun 2015 07:31
30 June 2015
Optimal Payments Plc
("Optimal Payments" or the "Company")
GRANT OF SHARE OPTIONS
Optimal Payments PLC announces that its Executive Directors were yesterday granted the following options over ordinary shares of £0.0001 each in the Company ("Shares") at an exercise price of £0.0001 per Share (the "Options").
The Options were granted under The Optimal Payments PLC Long-Term Incentive Plan 2010 over the Company's Shares as follows:-
Director | Position | Number of Options Granted | Total Number of Options Now Held |
Joel Leonoff | President & Chief Executive Officer | 683,246
| 4,448,902 |
Brian McArthur-Muscroft | Chief Financial Officer | 306,282
| 823,126 |
The Options will vest three years from after the date of grant. The Options are subject to two performance conditions. 50% of the Options are subject to a relative Total Shareholder Return ("TSR") performance condition, measured against the constituents of the FTSE 250 (excluding Investment Trusts). The remaining 50% of the Options are subject to challenging earnings per share ("EPS") targets. The EPS targets will have an appropriate sliding scale and will be disclosed in the 2015 Annual Report and Accounts. Both the TSR and EPS targets will be measured until 31 December 2017. The Options are also granted conditional on the completion of the Company's proposed acquisition of Sentinel Topco Limited.
For further information please contact:
Tony Hunter
Company Secretary
Optimal Payments PLC + 44 (0)207 603 1515
Related Shares:
Paysafe Group