TIDMILI
RNS Number : 7697L
Imagelinx PLC
16 January 2009
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IMAGELINX PLC
("Imagelinx" or the "Company")
Grant of Options
The Remuneration Committee of Imagelinx has completed a review of the existing
options awarded under the terms of the Share Incentive Plan in October 2005
which are due to expire shortly. The existing options were granted when the
Company was in very different circumstances than it is today and accordingly it
was considered appropriate that new options be granted to members of the board
and the senior management team and new performance targets be set. The existing
options already issued under the Share Incentive Plan in October 2005 have been
cancelled.
The Company has today granted the options over a total of 13,750,000 ordinary
shares including the grant of 3 million shares to Alistair Rae and 2.5 million
to Albert Klein, representing 1.04% and 0.86% of the shares in issue. All of the
13.75m options are granted with an exercise price of 5p. Upon completion of the
Capital Reorganisation the exercise price will be adjusted to the market value
of a New Ordinary Share as at the date of the adjustment and the options can be
exercised after three years from grant subject to the satisfaction of the
performance conditions.
Enquiries:
Imagelinx plc
Albert Klein, Chairman Tel: +44 (0) 7801 910920
Alistair Rae, CEOTel: +44 (0) 7736 883934
Seymour Pierce Limited
Sarah Jacobs Tel: +44 (0)20 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
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