Business
EMI SHARE OPTION SCHEME
EMI SHARE OPTION SCHEME.
About this update from Fiinu Plc
[{"type":"text","content":"\n \nRNS Number : 8935Q Immedia Group PLC 18 October 2013 \n \n\nImmedia Group Plc\n \n(\"Immedia\" or \"the Company\")\n \nEMI SHARE OPTION SCHEME\n \nThe Board of Immedia Group plc (AIM: IME), which provides bespoke digital networks, music strategies and brand conversation, is pleased to announce the following details of new share options granted on 18 October 2013 under the Immedia Group Plc EMI share option scheme:\n \n\n\n\n\nName and Position:\n\n\nEMI share options (FY2013)\n\n\nEMI share options (FY2014)\n\n\nResultant beneficial interest\n\n\n% of current issued share capital:\n\n\n\n\nBruno Brookes\nChief Executive Officer\n\n\n348,000\n\n\n174,000\n\n\n3,106,700\n\n\n21.34%\n\n\n\n\nCharles Barker-Benfield\nFinance Director\n\n\n187,000\n\n\n93,500\n\n\n333,580\n\n\n2.29%\n\n\n\n\nRoss Penney\nBusiness Affairs Director\n\n\n177,000\n\n\n88,500\n\n\n708,888\n\n\n4.87%\n\n\n\n\nAll other qualifying staff\n\n\n116,648\n\n\n122,065\n\n\nn/a\n\n\nn/a\n\n\n\n\n \nThe option price for all the above awards is 10.0 pence per share, which was a 9.6% premium to the closing mid-market price on 17 October 2013. \nVesting of the 828,648 options granted for FY 2013 is dependent on audited profits before tax for FY 2013 exceeding (a) £350,000 (for directors' options) or (b) £250,000 (for all other qualifying staff options).\nVesting of the 478,065 options granted for FY 2014 is dependent on audited profits before tax for FY 2014 exceeding £475,000.\nVested options may be exercised within a two year period commencing with first publication of the audited results for the relevant financial year.\n \nThese options have been granted to retain and incentivise all qualifying staff.\n \n832,374 of the total of 1,316,712 options currently in issue are capable of being satisfied out of the Immedia Group Employee Benefit Trust's holding of shares in the Company with 484,338 remaining to be satisfied by the issue of new shares and / or purchased in the market as required.\n \nFull details of all options currently in issue and the performance criteria on which vesting depends will be disclosed in the Company's 2013 financial statements. \n \n \nContact:\n \nImmedia Group Plc\nBruno Brooks, Chief Executive Officer &n...