Grant of options
06 August 2009 - 1:27AM
UK Regulatory
TIDMNEO
RNS Number : 9523W
Neovia Financial PLC
05 August 2009
NEOVIA Financial Plc
Grant of options
Wednesday, 5 August 2009 - NEOVIA Financial Plc (LSE: NEO) makes the following
announcement regarding options to be granted with an effective grant date of 17
June 2009. The Company confirms that, following receipts of acceptances by
Eligible Executives, it has granted a total of 100,000 options to Eligible
Executives over the Company's ordinary shares of 0.01 pence.
The options were granted under the UK Approved NEOVIA Financial Plc Approved
Share Option Plan (the "Approved Plan"). The options were granted at an exercise
price of 50 pence, being the average of the mid-closing price of the Company's
shares for the three trading days prior to 17 June 2009.
The period during which these options can be exercised is as follows:
* 100,000 options have a grant period of 3½ years from 17 June 2009, having
vesting dates annually on 15 October 2009, 2010 and 2011, on which dates one
third of the options granted vest. These options expire on 5 December 2012 and
the last date for exercise is therefore 4 December 2012.
As at 4 August 2009, the Company has total options outstanding of 7,959,262,
with 7,247,414 options under the Unapproved Plan and 711,848 options under the
Approved Plan. As at 4 August 2009, the Company had 119,920,953 ordinary shares
in issue.
For further information contact:
Andrew Gilchrist+ 44 (0) 1624 698 713
VP Communications, NEOVIA Financial Plc
Email:investorrelations@neovia.com
Daniel Stewart & Co Plc + 44 (0) 207 776 6550
Paul Shackleton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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