Cancellation of Options - Replacement (6192S)
November 23 2011 - 4:47AM
UK Regulatory
TIDMACS
RNS Number : 6192S
AI Claims Solutions PLC
23 November 2011
The following replaces the announcement released on 4 November
2011 at 10:00 RNS Number 4859R, which incorrectly overstated the
number of LTIP awards made to senior management (non director) that
were cancelled and the associated consideration payment. The total
number of LTIP awards cancelled and the total consideration paid
have also been updated to reflect these changes.
Ai Claims Solutions PLC
("Ai" or the "Company")
Cancellation of Options
Long Term Incentive Plan ('LTIP')
Ai, the ethical after accident solution provider, announces that
it today cancelled 311,112 matching LTIP awards in respect of
ordinary shares of 10p in the Company in return for a total
consideration payment by the Company of GBP79,335. The LTIP awards
cancelled included awards made to David Sandhu, Chief Executive
Officer, and Peter Harrison, Chief Financial Officer:
Matching
LTIP Awards Consideration
Cancelled Payment
David Sandhu 134,100 GBP34,196
Peter Harrison 103,406 GBP26,369
Senior Management 73,606 GBP18,770
Unapproved Share Option Plan
Ai also announces that it has cancelled 10,000 unapproved scheme
options over ordinary shares of 10p in the Company in return for a
consideration payment by the Company of GBP950.
For further information, please contact:
Ai Claims Solutions plc
David Sandhu 0844 571 3108
Peter Harrison 0844 571 3200
Shore Capital & Corporate
Ltd
Dru Danford / Stephane
Auton 0207 408 4090
This information is provided by RNS
The company news service from the London Stock Exchange
END
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