Intandem Films PLC Grant of Options (7362Y)

TIDMIFM

RNS Number : 7362Y

Intandem Films PLC

29 January 2014

INTANDEM FILMS PLC

("Intandem" or the "Company")

Grant of Options

Intandem Films, the London based international film group, announces the grant today of options with an exercise price of 0.5 pence per share over a total of 37,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to certain Directors and employees (the "Options"). The Options are only first exercisable following the release of the first audited full year financial statements to include a reported profit before tax pre any share based payment expense, and also then subsequently subject to the following share price performance criteria:

25% of the Options vest when the closing mid share price reaches 1p;

25% of the Options vest when the closing mid share price reaches 3p; and

50% of the Options vest when the closing mid share price reaches 5p.

The Directors granted options are as follows.

 
 Directors           Number of Options   Total number of options 
                      granted 
------------------  ------------------  ------------------------ 
 Robert Mitchell     15,000,000          15,000,000 
------------------  ------------------  ------------------------ 
 **Andrew Brown      3,000,000             7,000,000 
------------------  ------------------  ------------------------ 
 **Billy Hurman      3,000,000            7,000,000 
------------------  ------------------  ------------------------ 
 Alan Bowen          1,000,000            1,000,000 
------------------  ------------------  ------------------------ 
 *Chris Sykes        6,000,000            6,000,000 
------------------  ------------------  ------------------------ 
 *Corinne Lambert    4,000,000            4,000,000 
------------------  ------------------  ------------------------ 
 

*Granted in lieu of fees and services rendered

**Andrew Brown and Billy Hurman each have in addition 2,000,000 options which are exercisable at 0.84p and a further 2,000,000 options exercisable at 6p.

In addition, a total of 5,000,000 Options were granted to certain employees of the Company.

The total number of options now outstanding over Ordinary Shares is 46,250,000, representing 11.32 per cent. of the Company's ordinary issued share capital.

ENDS

Contacts:

 
Intandem Films plc 
 Robert Mitchell, Chief Executive Officer        [phone] 
 
  Peterhouse Corporate Finance 
  Jon Levinson / Lucy Williams 
                                                   [phone] 
  finnCap 
  Ed Frisby / Ben Thompson - Corporate Finance 
  Stephen Norcross - Corporate Broking             [phone] 
 
  Bishopsgate Communications 
  Nick Rome/Sam Allen 
  [e-mail]           [phone] 
 

Notes to editors

About Intandem Films

Intandem Films plc (www.intandemfilms.com) is a London based international film company. It specialises in raising finance for commercial feature films and selling them to distributors around the world. Intandem closely manages the risk associated with the film industry and does not invest in the production of films from its own resources. Its highest profile film to date was How to Lose Friends and Alienate People starring Simon Pegg, Jeff Bridges and Megan Fox, for which Intandem raised the finance and sold the film to distributors such as Paramount, Warners and MGM.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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