WANdisco Plc Grant of Options (9567V)

TIDMWAND

RNS Number : 9567V

WANdisco Plc

08 November 2017

8 November 2017

WANdisco plc

("WANdisco" or the "Company")

LEI: 213800Y1A75RSC698O04

2013 Equity Incentive Plan

WANdisco (LSE: WAND), the leading provider of continuous availability software for global enterprises to meet the challenges of Big Data, announces the following awards of Stock Options under the Company's 2013 Equity Incentive Plan to the following director:

 
 Director          Date of Award   Amount, class of securities 
                                    and price 
----------------  --------------  -------------------------------- 
 Erik E. Miller,   7 November      423,707 Stock Options (ordinary 
  CFO               2017            shares) of 10p each 
----------------  --------------  -------------------------------- 
 

This option was granted pursuant to the terms of Mr. Miller's employment arrangement with the Company, which included an additional grant upon completion of 1 year of service. This option vests and becomes exercisable with respect to the first 1/3 of the shares subject to this option following 12 months of continuous employment from 24 October 2017. Thereafter, this option vests and becomes exercisable with respect to an additional 1/36th of the shares subject to this option following the completion of each additional month of continuous employment. The option is exercisable at a price of 839 pence each, and will convert into Ordinary Shares on exercise. The option expires on 6 November 2027.

For further information, please contact:

 
 WANdisco plc                       via Vigo Communications 
 David Richards, Chief Executive 
  Officer and Interim Chairman 
 Erik Miller, Chief Financial 
  Officer 
 
                                    [phone] 
 Vigo Communications                 9700 
 Jeremy Garcia / Fiona Henson 
  / Antonia Pollock 
  www.vigocomms.com 
 
                                    [phone] 
 Stifel (Joint Broker and Nomad)     7600 
 Fred Walsh / Neil Shah / Ben 
  Maddison / Rajpal Padam 
 
 Peel Hunt (Joint Broker)           [phone] 
  Edward Knight / Nick Prowting      8900 
 

About WANdisco

WANdisco is the world leader in Active Data Replication(TM). Its patented WANdisco Fusion technology enables the replication of continuously changing data to the cloud and on-premises data centers with guaranteed consistency, no downtime and no business disruption. It also allows distributed development teams to collaborate as if they are all working in one location. WANdisco has an OEM with IBM as well as partnerships with Amazon Web Services, Cisco, Google Cloud, Hewlett Packard Enterprise, Microsoft Azure, and Oracle to resell its patented technology. WANdisco also works directly with Fortune 1000 companies around the world to ensure their data gives them the real insight they need.

For additional information, please visit www.wandisco.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 08, 2017 10:18 ET (15:18 GMT)