Cancellation of Options - Replacement (6192S)

TIDMACS

RNS Number : 6192S

AI Claims Solutions PLC

23 November 2011

The following replaces the announcement released on 4 November 2011 at 10:00 RNS Number 4859R, which incorrectly overstated the number of LTIP awards made to senior management (non director) that were cancelled and the associated consideration payment. The total number of LTIP awards cancelled and the total consideration paid have also been updated to reflect these changes.

Ai Claims Solutions PLC

("Ai" or the "Company")

Cancellation of Options

Long Term Incentive Plan ('LTIP')

Ai, the ethical after accident solution provider, announces that it today cancelled 311,112 matching LTIP awards in respect of ordinary shares of 10p in the Company in return for a total consideration payment by the Company of GBP79,335. The LTIP awards cancelled included awards made to David Sandhu, Chief Executive Officer, and Peter Harrison, Chief Financial Officer:

 
                         Matching 
                      LTIP Awards   Consideration 
                        Cancelled         Payment 
 David Sandhu             134,100       GBP34,196 
 Peter Harrison           103,406       GBP26,369 
 Senior Management         73,606       GBP18,770 
 

Unapproved Share Option Plan

Ai also announces that it has cancelled 10,000 unapproved scheme options over ordinary shares of 10p in the Company in return for a consideration payment by the Company of GBP950.

For further information, please contact:

 
 Ai Claims Solutions plc 
 David Sandhu                 0844 571 3108 
 Peter Harrison               0844 571 3200 
 
 Shore Capital & Corporate 
  Ltd 
 Dru Danford / Stephane 
  Auton                       0207 408 4090 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGCBDBCXDBGBX