Grant of Option (4593W)

TIDMINVU

RNS Number : 4593W

Invu plc

31 January 2012

31 January 2012

Invu plc ("the Company")

Grant of Options

Invu plc ("the Company") today announces that, on the 30th of January 2012, Colin Gallick, Chief Executive Officer of the Company and Ian Smith, Finance Director or the Company (the "Executive Directors") were granted options over 9.0 million ordinary shares of 1p each in the Company ("Ordinary Shares") and 18.6 million A ordinary shares of 1p each in the Company ("A Ordinary Shares) (together, the "Options") following the cancellation of all of the Executive Directors' existing options over Ordinary Shares.

The cancellation of options were as follows

 
 Executive Director    options over       Exercise price 
                        Ordinary Shares    of cancelled 
                        cancelled          options 
--------------------  -----------------  --------------- 
 Colin Gallick                5,000,000            1.00p 
--------------------  -----------------  --------------- 
 Ian Smith                    1,000,000            1.00p 
--------------------  -----------------  --------------- 
 

The awards are as follows:

 
 Executive        Options over       Options over     Exercise price   Vesting 
  Director         Ordinary Shares    A Ordinary       of Options 
                   issued             Shares issued 
---------------  -----------------  ---------------  ---------------  ------------- 
                                                                       Equally over 
 Colin Gallick    6,000,000          12,400,000       1.75p             3 years 
---------------  -----------------  ---------------  ---------------  ------------- 
                                                                       Equally over 
 Ian Smith        3,000,000          6,200,000        1.75p             3 years 
---------------  -----------------  ---------------  ---------------  ------------- 
 

For further information, please contact:

Invu plc 01604 859893

Daniel Goldman, Non Executive Chairman

Colin Gallick, CEO

Ian Smith, Finance Director

Canaccord Genuity Limited 020 7050 6500

Simon Bridges

Kit Stephenson

This information is provided by RNS

The company news service from the London Stock Exchange

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