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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Neo Energy Metals Plc | LSE:NEO | London | Ordinary Share | GB00BYWLRL80 | ORD GBP0.0001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.35 | 0.40 | 0.375 | 0.375 | 0.375 | 133,073 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 7567J Neovia Financial PLC 08 December 2008 Press release For immediate release NEOVIA Financial Plc Grant of options Monday, 8 December 2008 - NEOVIA Financial Plc (LSE: NEO) announces the grant of options to directors and senior management as part of the Company's ongoing retention and incentivisation programme. On 5 December 2008 the Company granted a total of 2,789,100 options to Eligible Executives over the Company's ordinary shares of 0.01 pence. The options were granted under the two share options plans operated by the Company as follows: * A total of 2,160,585 options were granted under the NEOVIA Financial Plc Share Option Plan (the "Unapproved Plan"). * A further 628,515 options were granted under the UK Approved NEOVIA Financial Plc Approved Share Option Plan (the "Approved Plan"). The options under both the Unapproved Plan and the Approved Plan were granted at an exercise price of 53 pence, being the average of the mid-closing price of the Company's shares for the three trading days prior to 5 December 2008. The period during which these options can be exercised is as follows: Under the Unapproved Plan: * 2,158,135 options have a grant period of 4 years from 5 December 2008, having vesting dates annually on 15 October 2009, 2010 and 2011, on which dates one third of the options granted vest. These options expire on 5 December 2012 and the last date for exercise is therefore 4 December 2012; and * 2,450 options have a grant period of 3½ years from 5 December 2008, having vesting dates on 15 January 2009, 15 October 2009 and 15 October 2010, on which dates one third of the options granted vest. These options expire on 5 June 2012 and the last date for exercise is therefore 4 June 2012. Under the Approved Plan: * 628,015 options have a grant period of 4 years from 5 December 2008, having vesting dates annually on 15 October 2009, 2010 and 2011, on which dates one third of the options granted vest. These options expire on 5 December 2012 and the last date for exercise is therefore 4 December 2012; and * 500 options have a grant period of 3½ years from 5 December 2008, having vesting dates on 15 January 2009, 15 October 2009 and 15 October 2010, on which dates one third of the options granted vest. These options expire on 5 June 2012 and the last date for exercise is therefore 4 June 2012. In accordance with the Unapproved Plan rules and with the Approved Plan rules, Eligible Executives (including Directors) have until 12 January 2009 to accept their respective option grants, following which a further announcement will be made confirming the number of options granted in total, and for each Director. Any options which are not accepted by the above date will lapse. The table below sets out the details relating to each Director in respect of the information set out above: Director Options granted Options granted Total Unapproved scheme Approved scheme (subject to acceptance) Dale Johnson 75,000 Nil 75,000 Don Lindsay 40,000 Nil 40,000 Ron Martin 351,900 Nil 351.900 John Webster 40,000 Nil 40,000 Total 506,900 Nil 506,900 As stated above, the Company will make a further announcement on or around 14 January 2009 which sets out the total number and details of all options outstanding at that date and the respective details for each of the Company's Directors. As at 5 December 2008, the Company had 119,920,953 ordinary shares in issue. For further information contact: Andrew Gilchrist + 44 (0) 1624 698 713 VP Communications, NEOVIA Financial Plc Email: investorrelations@neovia.com This information is provided by RNS The company news service from the London Stock Exchange END MSCBRBDDCBGGGII
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