Fitbug Holdings PLC Share Option Schemes & Grant of Options (1077F)

TIDMFITB

RNS Number : 1077F

Fitbug Holdings PLC

25 July 2016

Fitbug Holdings Plc / Epic: FITB.L / Index: AIM / Sector: Leisure

25 July 2016

FITBUG HOLDINGS PLC ('FITBUG' OR 'THE COMPANY')

Adoption of Share Option Schemes and Grant of Options

Fitbug Holdings Plc, the AIM quoted technology developer and digital wellness pioneer, is pleased to announce that, as set out in the Circular to shareholders on 29 June 2016, following admission of its enlarged issued share capital to trading on AIM this morning, it has adopted two new share option schemes, the Fitbug Holdings plc Enterprise Management Incentive Share Option Scheme 2016 and the Fitbug Holdings plc Unapproved Share Option Scheme 2016, for directors, employees, and certain other persons engaged in the business of the Group (the "New Schemes").

The Company has also granted options over an aggregate of 113,837,413 Ordinary Shares, representing 9.24% of the enlarged issued share capital of the Company pursuant to the New Schemes. The options are all exercisable between the third and tenth anniversary of grant or in the event of a takeover. One third of the options held by each option holder will be exercisable at 0.25p per share, one third at 0.35p per share and the remainder at 0.5p per Ordinary Share.

Options granted to the directors and other persons discharging managerial responsibilities are as follows:

 
 Name               Options      Options      Options      Total         Percentage 
                     issued       issued       issued       number        of enlarged 
                     at 0.25p     at 0.35p     at 0.5p      of options    issued 
                     exercise     exercise     exercise     held          share 
                     price        price        price                      capital 
-----------------  -----------  -----------  -----------  ------------  ------------- 
 Donald 
  Stewart            4,925,468    4,925,468    4,925,468    14,776,404       1.2% 
-----------------  -----------  -----------  -----------  ------------  ------------- 
 Anna Gudmundson    18,470,505   18,470,505   18,470,505    55,411,514       4.5% 
-----------------  -----------  -----------  -----------  ------------  ------------- 
 Tyler Tarr          3,694,101    3,694,101    3,694,101    11,082,303       0.9% 
-----------------  -----------  -----------  -----------  ------------  ------------- 
 Mark Ollila         3,694,101    3,694,101    3,694,101    11,082,303       0.9% 
-----------------  -----------  -----------  -----------  ------------  ------------- 
 Richard 
  Goodlad            3,694,101    3,694,101    3,694,101    11,082,303       0.9% 
-----------------  -----------  -----------  -----------  ------------  ------------- 
 Total              34,478,275   34,478,275   34,478,275   103,434,825       8.4% 
-----------------  -----------  -----------  -----------  ------------  ------------- 
 

**ENDS**

 
 Anna Gudmundson          Fitbug Holdings 
  / Donald Stewart         Plc                      020 7449 1000 
-----------------------  ------------------------  -------------- 
                          Cantor Fitzgerald 
 Marc Milmo/ Catherine     Europe, Nomad 
  Leftley                  and Joint Broker         020 7894 7000 
-----------------------  ------------------------  -------------- 
 Claire Louise Noyce 
  / William Lynne         Hybridan LLP, 
  / Niall Pearson          Joint Broker             020 3764 2341 
-----------------------  ------------------------  -------------- 
 Elisabeth Cowell         St Brides Partners 
  / Charlotte Heap         Ltd, Public Relations    020 7236 1177 
-----------------------  ------------------------  -------------- 
 

Notes

About Fitbug(R)

Fitbug is a leading provider of online health and well-being services which is pioneering an innovative 'Digital Wellness' model to help individuals to improve their lifestyles by making realistic changes to their daily routine. It combines activity tracking devices, which provide an understanding of each user's daily activity achievements, with mobile and web technology, which provides users with personalised weekly activity and nutrition targets, feedback, advice and encouragement to achieve "wellness". This is centred on four key areas: stress, sleep, nutrition and activity.

Its "Kiqplan"TM digital health coaching platform is designed to make wearable technology relevant to new audiences and take the "so what?" out of activity tracking by providing structured action plans to help people achieve their wellness goals.

The Company is primarily focussed on the B2B market, mainly mid-to-large cap corporations and insurance brokers / health insurers, where significant growth opportunities have been identified, particularly in the UK and US. An important part of the Company's focus is on building strategic relationships with organisations, which can integrate Fitbug or Kiqplan into their own service/product offerings or resell to their customer base. For more information, visit www.fitbug.com and www.kiqplan.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 25, 2016 03:45 ET (07:45 GMT)