Business
Grant of Share Options
Grant of Share Options.
About this update from Fiinu Plc
[{"type":"text","content":"\n RNS Number : 0108I Immedia Group PLC 12 November 2008 \nImmedia Group Plc\n\n('Immedia' or 'the Company')\n\nEMI SHARE OPTION SCHEME\n\nImmedia Group Plc (AIM: IME.L), the UK's leading provider of live, tailored radio and video for retail, is pleased to announce the following details of the grant of new share options.\n\nThe following options were granted on 07 November 2008 under the Immedia Group Plc EMI share option scheme:\n\n\n\n\n\nName and Position:\n\n\nEMI share options\n\n\nResultant beneficial interest\n\n\n% of current issued share capital:\n\n\n\n\nBruno Brookes\nChief Executive Officer\n\n\n30,000\n\n\n2,096,620\n\n\n14.4%\n\n\n\n\nRoss Penney\nBusiness Affairs Director\n\n\n27,000\n\n\n457,308\n\n\n3.14%\n\n\n\n\nAll other qualifying staff\n\n\n140,500\n\n\nn/a\n\n\nn/a\n\n\n\n\n\nThe following Unapproved share options were granted:\n\n\n\n\n\nName and Position:\n\n\nUnapproved share options\n\n\nResultant beneficial interest\n\n\n% of current issued share capital:\n\n\n\n\nCharles Barker-Benfield\nFinance Director\n\n\n27,000\n\n\n67,000\n\n\n0.46%\n\n\n\n\n\nThe option price for all the above awards is 10 pence per share par value, which was a 17.6% premium to the closing mid market price on 06 November 2008.\n\nThese options have been granted to retain and incentivise all qualifying staff.\n\nFull details of the performance criteria on which vesting of these options depends, including the achievement of significant growth in profits before tax, and expiry dates, will be disclosed in the Company's 2008 financial statements. \n\nPrevious options granted at 110 pence on the Company's admission to AIM in December 2003 have been cancelled without replacement.\n\n\nContact:\n\nImmedia Group Plc\nBruno Brooks, Chief Executive Officer Tel: + 44 (0) 1635 572 800\nwww.immediabroadcasting.com\n\nDaniel Stewart & Company plc\nSimon Leathers/Tessa Smith Tel: + 44 (0) 20 7776 6550\n\nHudson Sandler\nNick Lyon &n...