WANdisco Plc Grant of Share Options to Executive Directors (2592R)

TIDMWAND

RNS Number : 2592R

WANdisco Plc

08 December 2016

Grant of Share Options to Executive Directors

WANdisco plc

(the 'Company')

WANdisco (AIM: WAND), WANdisco (LSE: WAND), a leading provider of enterprise-ready, non-stop cloud software solutions is pleased to announce the issue of share options ("Options") over the Company's ordinary shares with a nominal value of GBP 0.10 each ("Ordinary Shares") on 06 December 2016 to David Richards Interim Chairman, President, CEO and Co-founder, James Campigli COO, Head of Marketing & Co-Founder and Erik E. Miller Chief Financial Officer and Board Director, all of whom are Executive Directors of the Company.

The options vest and become exercisable with respect to the first 1/3 of the shares subject to this option following 12 months of continuous employment from the Grant Date. Thereafter, this option vests and becomes exercisable with respect to an additional 1/36th of the shares subject to this option following the completion of each additional month of continuous employment. The options are all exercisable at a price of 195 pence each, and will convert into Ordinary Shares on exercise. The options expire on 06 December 2026.

 
                          Number of Ordinary Shares     Total number of Ordinary     Number of Ordinary Shares 
                             over which Options            Shares over which                   held 
                                   granted                  Options granted 
-----------------      ----------------------------  ---------------------------  ---------------------------- 
  David Richards                   92,771                       190,212                     2,783,153 
---------------------  ----------------------------  ---------------------------  ---------------------------- 
  James Campigli                   27,623                       90,554                      1,544,143 
---------------------  ----------------------------  ---------------------------  ---------------------------- 
  Erik Miller                     410,789                       410,789                         0 
---------------------  ----------------------------  ---------------------------  ---------------------------- 
 

For further information, please contact:

 
 WANdisco plc                         via Vigo Communications 
 David Richards, CEO and Interim 
  Chairman 
 
                                      [phone] 
 Vigo Communications                   9700 
 Jeremy Garcia / Fiona Henson 
  / Antonia Pollock 
  www.vigocomms.com 
 
                                      [phone] 
 Investec (Joint Broker and NOMAD)     4000 
 Christopher Baird / Dominic 
  Emery 
 
 UBS (Joint Broker)                   [phone] 
  Rahul Luthra / Sandip Dhillon        8000 
 

About WANdisco

WANdisco (LSE: WAND) is the world leader in Active Transactional Data Replication(TM). Its patented technology provides continuous consistent access to changing data anytime and anywhere with no downtime and no disruption. WANdisco's patented technology serves crucial high availability (HA) requirements, including migration to cloud, Hadoop Big Data and Application Lifecycle Management (ALM), Subversion, Git and Gerrit.

WANdisco works directly with Fortune 1000 companies around the world and in all sectors to ensure their data, whether it is on-premise or in the cloud, gives them the real insight they need. WANdisco has an OEM with IBM and is also partnered with Amazon Web Services, Cisco, Google Cloud Platform, Hewlett Packard Enterprise, Microsoft Azure and Oracle to resell its patented technology. WANdisco is committed to the ODPi Interoperable Compliance Program to ensure its products are interoperable across a wider range of commercial Apache(TM) Hadoop(R) Platforms.

For additional information, please visit www.wandisco.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 08, 2016 02:00 ET (07:00 GMT)