Business
Grant Of Options
Grant Of Options.
About this update from Xps Pensions Group Plc
[{"type":"text","content":"\n \nRNS Number : 3081L EXPANSYS plc 28 July 2011 \n \n\nEXPANSYS plc\n(the \"Company\")\nGrant of Options\n \nThe Company announces that, on 27 July 2011, it granted options over a total of 21,688,959 Ordinary Shares representing approximately 1.87% of the Company's current issued share capital (the \"Options) to Anthony Catterson (CEO), and Chris Ogle (CFO). The Options were granted subject to certain performance criteria and are exercisable at a price of 1.3125p per share.\nAnthony Catterson has been granted options over 7,229,653 Ordinary Shares and Chris Ogle has been granted options over 14,459,306 Ordinary Shares.\nSubject to satisfying the performance criteria 30% of the Options will vest after the results for the Financial year 2012, 30% after the results for the Financial year 2013 and 40% after the results for the Financial year 2014. Each tranche of the Options will have an exercise period of seven years from the date of vesting.\nIn addition, Mr Catterson renounced options over 4,500,000 shares which were granted in January 2010. \nFollowing this grant and renunciation Anthony Catterson holds 36,135,903 options over Ordinary Shares and Chris Ogle holds 14,459,306 options over Ordinary Shares.\n \nFor further information please contact:\n\n\n\n\n \nEXPANSYS plc\nAnthony Catterson, CEO\nChris Ogle, CFO\n \n\n\n \nVia M: Communications\n\n\n\n\nCenkos Securities\nStephen Keys or Camilla Hume\n \n\n\nTel: +44 (0) 20 7397 8900\[email protected] / [email protected]\n\n\n\n\nM:Communications\nNick Miles or Ben Simons\n\n\nTel +44 (0)20 7920 2340\[email protected] / [email protected]\n \n\n\n\n\nInvestor relations website\n\n\nwww.EXPANSYS.plc.uk\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCPGUBPMUPGGAR \n ","length":4082,"tagName":"div"}]