Business
Share Options
Share Options.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n \nRNS Number : 0573F Asia Digital Holdings PLC 18 April 2011 \n \n\n\n\n\n\nPress Release\n\n\n18 April 2011\n\n\n\n\n \nAsia Digital Holdings Plc\n(\"ADH\" or the \"Company\")\n \nShare Options\n \nAsia Digital Holdings plc (AIM: ADH.L), an independent online marketing group, announces that 21,183,333 of the outstanding 64,090,000 share options held by Directors and employees of the Company under an approved Company share option scheme have been re-priced with an exercise price of 0.5 pence per option. Save for the re-pricing, no other changes to the terms of the options have been made.\n \nThe replacement of share options was part of several initiatives proposed by the Board in December to generate cost savings and align staff with shareholders interests, subject to a review carried out by Northland Capital Partners (the Company's Nominated Adviser) who consider the proposition to be fair and reasonable in so far as the shareholders are concerned. \n \nThe replacement of share options has only been put into effect as of 14 April 2011 due to the Company being in a closed period. The share options will be fully vested on the second anniversary of date of issue. \n \nThe number of share options, which are the subject of the re-pricing, held by the members of the Board remains unchanged as follows:\n \n\n\n\n\nAdrian Moss\n\n\n17,400,000\n\n\n\n\nDavid Lees\n\n\n1,750,000 \n\n\n\n\nKeith Lassman\n\n\n1,250,000\n\n\n\n\n \n- Ends -\n \n \nFor further information, please contact:\n \n\n\n\n\nAsia Digital Holdings plc\n\n\n\n\n\n\n\nAdrian Moss, Chief Executive \n\n\nwww.adhplc.asia\n\n\n\n\n \n\n\n\n\nNorthland Capital Partners Limited\n\n\nTel: +44 (0) 20 7492 4750\n\n\n\n\nGavin Burnell / Rod Venables (Nominated Adviser)\n\n\n\n\n\n\n\nKatie Shelton (Corporate Broking)\n\n\nwww.northlandcp.co.uk\n\n\n\n\n \n\n\n\n\nAbchurch Communications\n\n\n\n\n\n\n\nJulian Bosdet / Claire Dickinson\n\n\nTel: +44 (0) 20 7398 7718\n\n\n\n\[email protected] \n\n\nwww.abchurch-group.com\n\n\n\n\n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange ...