Crossrider plc Issue of equity share options (8042Z)

TIDMCROS

RNS Number : 8042Z

Crossrider plc

01 June 2016

Crossrider plc

("Crossrider", the "Company" or the "Group")

Issue of equity share options

Crossrider (AIM:CROS), the creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data, announces today that Ido Erlichman, Group Chief Executive Officer, has been awarded 2,000,000 share options under the Crossrider Global Option Plan over ordinary shares of US$0.0001 par value in the Company (the "Options").

The Options have an exercise price of 27.5 pence per share. 25 per cent of the Options vest at the end of the first year following the grant date and 6.25 per cent on a quarterly basis during 12 quarters thereafter subject to continued employment.

- Ends -

For further information contact:

 
 Crossrider plc                     [phone] 
  Don Elgie, Chairman                 via Bell Pottinger 
  Ido Erlichman, Chief Executive 
  Officer 
  Mark Carlisle, Chief Financial 
  Officer 
 Bell Pottinger 
  David Rydell 
  James Newman 
  Sam Cartwright                    [phone] 
 Shore Capital 
  Bidhi Bhoma 
  Toby Gibbs                        [phone] 
 

About Crossrider

Crossrider is a creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data. The Company's web and mobile platforms power ad networks, agencies and direct publishers and enable the delivery of relevant digital advertising through the analysis of big data: making online marketing significantly more efficient and cost effective.

The Group operates web and mobile platforms which generate big data, enabling the development of a proprietary ad serving algorithm and engine that can extract value from this data to deliver relevant advertising to targeted users.

Crossrider's vision is to become the de facto standard platform for delivering relevant web and mobile adverts to billions of people, powering the next generation of digital advertising.

www.crossrider.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOESDEFWFFMSESI

(END) Dow Jones Newswires

June 01, 2016 02:00 ET (06:00 GMT)