Grants under the Long Term Incentive Plan ("LTIP")

 

TIDMNEO 
 
RNS Number : 6760J 
Neovia Financial PLC 
01 April 2010 
 

 
                              NEOVIA Financial Plc 
 
               Grants under the Long Term Incentive Plan ("LTIP") 
 
 
Thursday, 1 April 2010 - NEOVIA Financial Plc (LSE: NEO) ("the Company"), the 
leading alternative payments business, announces that it made certain grants 
under the recently introduced long term incentive plan, the NEOVIA Financial Plc 
Long Term Incentive Plan ("LTIP").  This notification is made in accordance with 
Rule 17 of the AIM Rules. 
 
On 18 March 2010, the Remuneration Committee determined to make a grant under 
the LTIP.  On 30 March, two awards over 784,314 and 421,053 ordinary shares in 
the Company were made to Mark Mayhew, President & CEO, under the rules of the 
LTIP. 
 
The awards are structured as options with an option price per share equal to the 
nominal value of a share (currently 0.01 pence). No consideration was paid for 
the grant of the awards.  The awards will become exercisable subject to the 
continued employment of the participant and the satisfaction of performance 
conditions set by the Remuneration Committee of the Company.  To the extent that 
all or any part of an award becomes exercisable, it remains exercisable until 
the tenth anniversary of the date of grant. 
 
Further details regarding the performance criteria and vesting conditions are 
set out in the Company's 2009 Annual Report and Accounts which are available on 
the Company's website, www.neovia.com. 
 
 
Following the grant of the awards, Mark Mayhew has the following interests in 
the Company's share capital: 
 
+--------------------+--------------------+--------------------+--------------------+ 
|                    | Number of issued   | Percentage of      | Number of awards   | 
|                    | Ordinary Shares    | issued share       | issued under the   | 
|                    |                    | capital            | LTIP               | 
+--------------------+--------------------+--------------------+--------------------+ 
| Mark Mayhew        | Nil                | -                  | 1,205,367          | 
+--------------------+--------------------+--------------------+--------------------+ 
 
 
 
 
For further information contact: 
 
NEOVIA Financial Plc 
Andrew Gilchrist    VP Communications+ 44 (0) 1624 698 713 
Email:  [e-mail] 
 
Daniel Stewart & Co Plc 
           + 44 (0) 207 776 6550 
Paul Shackleton 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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