Business
Appointment of Director and Director Dealing
Appointment of Director and Director Dealing.
About this update from Ebiquity Plc
[{"type":"text","content":"\n \nRNS Number : 0836N Ebiquity PLC 27 January 2016 \n\nEbiquity Plc\n(\"Ebiquity\" or \"the Company\")\n \n \nAppointment of Director and Director Dealing\n \nEbiquity announced on 1 October 2015 the appointment of Dr Michael Karg as Ebiquity's new Group Chief Executive Officer, with the appointment to take effect in January 2016. The Company is pleased to announce that Michael has today been appointed to its Board. \n \nMichael Karg, 44, is currently a director of Travelzoo Inc. Michael has been a director of the following companies within the previous five years: Razorfish Hong Kong, Razorfish Consulting (Shanghai), e- Crusade Holding Company Limited, Razorfish UK Limited, Nurun SAS and 2DataFish.\n \nThere is no further information to be disclosed pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies. \n \nIn addition to his ongoing remuneration arrangements, the Company has today awarded Michael the share options described below in order to compensate him for the loss of certain retention incentives from his previous employer. \n \nEbiquity has awarded Michael options over 200,000 ordinary shares of 25 pence each in the share capital of the Company (\"Ordinary Shares\"). Options over 100,000 Ordinary Shares will vest after six months' service and the remaining options over 100,000 Ordinary Shares will vest after 12 months' service, in each case subject to Michael being employed by Ebiquity and not being under notice at the respective vesting dates. Each option over an Ordinary Share has an exercise price of 25 pence. \n \nEbiquity has also awarded Michael options over 300,000 Ordinary Shares which will vest conditional on the satisfaction of performance criteria relating to the growth of the Company's diluted adjusted earnings per share (\"EPS\") as described in the paragraph below. Options over 200,000 Ordinary Shares (\"tranche one\") will vest conditional on the EPS growth for the financial year ending 31 December 2016 over the previous 12 month period ended 31 December 2015. Options over 100,000 Ordinary Shares (\"tranche two\") will vest conditional on the EPS growth for the financial year ending 31 December 2017 over the prior financial year. Any options from tranche one which do not vest will be r...