3rd Nov 2015 15:57
03 November 2015
MySQUAR Limited ("MySQUAR" or the "Company")
ESOP and Grant of Options
The Company announces that further to details include in paragraph 19, Part I of the Company's AIM Admission Document and in addition to existing granted share options, it has established an ESOP with a pool of up to 9,230,759 shares ordinary share of no par value in the capital of the Company ("Ordinary Shares") ("ESOP Shares"), equivalent to approximately 5% of the current shares in issue, for the benefit of key employees and directors.
The Company has subsequently granted 2,879,997 share options over the ESOP Shares. The strike price of these options is 7p per share with a term of five years, certain of these shares vest immediately with others subject to performance conditions. All of the granted options are subject to minimum lock in conditions following exercise. No directors were included in the award.
Following the grant of these options, the Company now has a total of 12,502,655 share options outstanding representing 6.66% of the issued share capital.
For further information:
MySQUAR Limited |
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Eric Schaer (Chief Executive) | Tel: +65 6818 6089 |
Pham Dang Hung (CFO) |
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SP Angel Corporate Finance LLP |
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Nominated Adviser | Tel: +44 (0) 20 3470 0470 |
Stuart Gledhill Jeff Keating
Beaufort Securities Limited Broker Jon Levinson Elliot Hance
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Tel: +44 (0) 207 382 8300 |
Public Relations Damien McCrystal |
Tel: +44 (0) 7816 770 758 |
-Ends-
Related Shares:
Mysquar