Cancellation of Options (4859R)

TIDMACS

RNS Number : 4859R

AI Claims Solutions PLC

04 November 2011

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 361,006 matching LTIP awards in respect of ordinary shares of 10p in the Company in return for a total consideration payment by the Company of GBP92,057. 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        123,500       GBP31,492 
 

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

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