TIDMNEO

RNS Number : 5760A

Neovia Financial PLC

02 February 2011

RNS Announcement

NEOVIA Financial Plc

Grants under the Long Term Incentive Plan ("LTIP")

NEOVIA Financial Plc (LSE: NEO) ("the Company") announces that it has made certain grants under the NEOVIA Financial Plc Long Term Incentive Plan ("LTIP"). This notification is made in accordance with Rule 17 of the AIM Rules.

On 18 May 2010, the Remuneration Committee determined to make a grant under the LTIP (the "Grant") and an award over 189,252 ordinary shares in the Company was made to Keith Butcher on 26 January 2011, under the rules of the LTIP (the "Awards"). The Grant was only made on 26 January 2011 as the Company has been in a close period since prior to 18 May 2010, the date on which the Grant was determined.

The Awards are structured as options with an option price per share equal to the nominal value of a share (currently 0.01 pence). No consideration was paid for the grant of the Awards. The Awards will become exercisable subject to the continued employment of the participant and the satisfaction of performance conditions set by the Remuneration Committee of the Company. To the extent that all or any part of the Awards becomes exercisable, it remains exercisable until the tenth anniversary of the date of grant.

Further details regarding the performance criteria and vesting conditions are set out in the Company's 2009 Annual Report and Accounts which are available on the Company's website, www.neovia.com.

Following the grant of the Awards, Keith Butcher has the following interests in the Company's share capital:

 
                                     Percentage of   Number of Awards 
                  Number of issued    issued share    issued under the 
                   Ordinary Shares    capital         LTIP 
 Keith Butcher    85,430             0.07%           189,252

Enquiries:

NEOVIA Financial Plc

Andrew Gilchrist VP Communications + 44 (0) 1624 698 713

Email: investorrelations@neovia.com

Daniel Stewart & Co Plc

Paul Shackleton + 44 (0) 207 776 6550

This information is provided by RNS

The company news service from the London Stock Exchange

END

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