Vision Media Group International | News
14 April 2008 Grant of Share Options
Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that it has granted a total of 6,200,000 Share Options at an exercise price of 10 pence each to the following Directors and employees:
| Share Options granted: | |
| Mike Cottman | 2,375,000 |
| Dominic Brookman | 1,899,050 |
| Eric Anstee | 500,000 |
| Tim Ritson * | 1,425,950 |
* Tim Ritson is the Group's Sales and Marketing Director.
Of the above Share Options, 950,000 granted to each of Mike Cottman, Dominic Brookman and Tim Riston, and 250,000 granted to Eric Anstee, are subject to certain performance criteria and profitability targets being met in 2008. The remainder have been awarded with immediate effect. All Share Options will vest over 3 years and will expire on 8 April 2015.
Following today's grant of Options, the Directors' interests (either directly or indirectly) in Ordinary Shares are set out below:
| Total Ordinary Shares: |
% of issued share capital: |
|
| Mike Cottman | 10,779,550 | 15.58 |
| Dominic Brookman | 20,095,706 | 29.05 |
| Eric Anstee | 607,194 | 0.01 |
| Tim Ritson | 8,880,118 | 12.84 |
The Directors and employees above do not hold any other Share Options than those granted above.
The total number of Ordinary Shares in issue is 69,175,785.
The Group subsequently confirms that it will be announcing its Preliminary Results for the year ended 31 December 2007 in the second half of June 2008.
For further information:
| Vision Media Group (International) plc | ||
|
Tel: +44 (0) 203 206 0001 | |
| mikec@visionmediagroupplc.com | www.visionmediagroupplc.com | |
| Seymour Pierce Limited | ||
| Stuart Lane / John Depasquale, Corporate Finance | Tel: +44 (0) 20 7107 8000 | |
| stuartlane@seymourpierce.com | www.seymourpierce.com | |
| Media enquiries: | ||
| Abchurch | ||
| Henry Harrison-Topham / Gareth Mead | Tel: +44 (0) 20 7398 7710 | |
| gareth.mead@abchurch-group.com | www.abchurch-group.com |