Ten Alps PLC Grant of Share Options (3012D)
October 23 2015 - 10:27AM
UK Regulatory
TIDMTAL
RNS Number : 3012D
Ten Alps PLC
23 October 2015
23rd October 2015
Ten Alps plc
("Ten Alps" or the "Company")
Grant of Share Options
Ten Alps, the international TV and cross-platform content
business, announces that it has granted options over 15,000,000
ordinary shares in the capital of the Company (the "Options") to
certain directors of Ten Alps. The Options, which have a three-year
life, are exercisable at 2.875p per share, being the closing
middle-market share price on the trading day prior to the date of
grant, and vest in stages subject to the Company's share price (the
"Share Price") hitting certain targets. 25 per cent. of the Options
will vest upon the Share Price reaching 4p for 30 consecutive
trading days and the number of vested Options will increase on a
straight-line basis thereafter until the Share Price reaches 5p for
30 consecutive trading days, at which point all Options will have
vested.
The following directors have been granted Options:
No. of Options Resultant share
Director granted option holding
Mark Wood (CEO) 12,500,000 12,500,000
Peter Bertram (Chairman) 500,000 2,750,000*
Luke Johnson (Non-executive
Director) 1,000,000 1,000,000
Jonathan Goodwin (Non-executive
Director) 1,000,000 1,000,000
* Peter Bertram also holds 2,250,000 share options with an
exercise price of 2.5p, exercisable until May 2022
For further information please contact:
Ten Alps plc +44 (0) 20 7878 2311
Peter Bertram, Chairman
c/o Emer Donohoe
www.tenalps.com
N+1 Singer (NOMAD and Broker to Ten Alps) +44 (0) 20 7496 3000
Shaun Dobson / Lauren Kettle
FTI Consulting (Financial PR) +44 (0) 20 3727 1000
Rob Mindell
This information is provided by RNS
The company news service from the London Stock Exchange
END
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