Webis Holdings PLC Issue of Options (8539Q)
03 March 2016 - 6:01PM
UK Regulatory
TIDMWEB
RNS Number : 8539Q
Webis Holdings PLC
03 March 2016
For immediate release 3 March 2016
Webis Holdings plc
("Webis" or "the Group")
Issue of Options
Webis Holdings plc, the global licenced pari mutuel gaming and
US racetrack operations group, announces that today the Board has
granted 14,000,000 options to subscribe for new Ordinary Shares of
1p (the "Options") each to Ed Comins, the Group's Managing
Director. Each option entitles the holder upon exercise to one
ordinary share of 1p in the capital of the Group ("Ordinary
Shares"). The Options have an exercise price of 1p each,
representing a premium of 47% to Webis' last closing price, vest
after 3 years and lapse after 10 years from the date of grant and
are non-transferable.
Ed Comins was appointed as Group Managing Director on 29 April
2015 and has executive responsibility for all Group activities and
therefore the Board considers it in the best interests of Webis
that he is granted a meaningful option package to align his
interests with those of Shareholders. Ed Comins holds no other
options in the Group.
For further information:
Webis Holdings plc Tel: 01624 639396
Denham Eke
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish/James Biddle
This information is provided by RNS
The company news service from the London Stock Exchange
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