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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alea | LSE:ALEA | London | Ordinary Share | BMG015751024 | COM SHS USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMALEA RNS Number : 8285L Alea Group Holdings(Bermuda) Ltd 13 May 2010 13 May 2010 Alea Group Holdings (Bermuda) Ltd Directorate Changes and Award of Restricted Stock Units to Executive Director HAMILTON, Bermuda - Alea Group Holdings (Bermuda) Ltd. ('Alea' or 'the Group') today announced the appointment of Jeffrey R. Rosenthal as an Executive Director of Alea with effect from 12 May 2010. Mr. Rosenthal was appointed Group President and Chief Executive Officer of Alea, effective 1 April 2010. Mr. Rosenthal has held a variety of senior leadership positions at Fortress Investment Group, Starwood Capital and KPMG. Alea also announces the appointment of Mark Cloutier as Non-Executive director of Alea with effect from 12 May 2010. Mr. Cloutier was formerly an Executive Director and Group President and Chief Executive Officer of the Company. In order to enhance alignment of the interests of the Group's Executive Director with the Company's shareholders, the Company has awarded Restricted Stock Units with effect 12 May 2010 as follows: +-------------------+-----------+------------+-----------+------------------+ | Name of | Title: | No. of | No. of | No. of Ordinary | | Person | | Ordinary | Ordinary | Shares, par | | Discharging | | Shares, | Shares, | value $0.01 per | | Managerial | | par | par value | share, | | Responsibilities/ | | value | $0.01 per | beneficially | | Executive | | $0.01 | share, | owned following | | Director: | | per | over | the award | | | | share, | which | (assuming full | | | | to which | options | vesting of all | | | | the | are held | Restricted Stock | | | | restricted | | Unit award and | | | | stock unit | | assuming | | | | award | | exercise of all | | | | applies: | | outstanding | | | | | | options held): | +-------------------+-----------+------------+-----------+------------------+ | Jeffrey R. | Executive | 1,190,476 | Nil | 1,190,476 | | Rosenthal | Director, | | | | | | President | | | | | | and CEO | | | | +-------------------+-----------+------------+-----------+------------------+ The Restricted Stock Units were granted pursuant to Part C of the Alea Group Executive Option and Stock Plan (the "Plan") and a Bonus RSU Award and Shareholder Agreement between Mr. Rosenthal, the Company and Alea North America Company (the "Agreement"). The Restricted Stock Units were priced in accordance with the terms of the Plan and the Agreement. The Restricted Stock Units will vest 33% on 1 April 2011 and 2012, respectively, and the remainder will vest on 1 April 2013 and are not subject to financial performance requirements. This notification relates to transactions notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a). For further information, please contact: Sheel Sawhney +1 860 258 6524 Financial Dynamics Robert Bailhache Nick Henderson +44 20 7269 7114 #### Past performance cannot be relied upon as a guide to future performance. Certain statements made in this document that are not based on current or historical facts are forward-looking in nature including, without limitation, statements containing the words "believes," "anticipates," "plans," "projects," "intends," "expects," "estimates," "predicts," and words of similar import. All statements other than statements of historical facts including, without limitation, those regarding the Group's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. In particular, forecasting of reserves for future losses is based on historical experience and future assumptions. As a result, they are inherently subjective and may fluctuate based on actual future experience and changes to current or future trends in the legal, social or economic environment. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. These forward-looking statements speak only as at the date of this document or other information concerned. Alea Group Holdings (Bermuda) Ltd expressly disclaims any obligations or undertaking (other than reporting obligations imposed on us in relation to our listing on the London Stock Exchange) to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any changes in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. References in this paragraph to the Group are to Alea Group Holdings (Bermuda) Ltd and its subsidiaries from time to time. This information is provided by RNS The company news service from the London Stock Exchange END BOAGGURPAUPUPGP
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