Business
Grant of Options
Grant of Options.
About this update from Cap-xx Limited
[{"type":"text","content":"\n CAP-XX Limited\n27 September 2006\n\n CAP-XX Limited\n\n Grant of Options\n\n\nCAP-XX Limited has agreed to grant to its employees, upon satisfaction of\nAustralian regulatory requirements, a total of 1,760,000 options to acquire a\ncorresponding number of ordinary shares each of no par value in the Company.\n\n\n\nThe options were granted on the 19th September 2006 under the terms and\nconditions of the Company's Employee Share Option Plan. The exercise price of\nthe options is Aus$2.38 per share. 25% of the options granted to each employee\nwill vest on 19 September 2007 with the balance vesting over the following 36\nmonths at the rate per month of 1/48 of the total options granted to each\nemployee. The options expire in accordance with the Plan at the latest on 19\nSeptember 2016.\n\nIncluded in the grant is Anthony Kongats, the Company's Managing Director, who\nis being granted 150,000 options.\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]