Grant of Options
March 12 2008 - 1:22PM
UK Regulatory
RNS Number:9856P
Expomedia Group PLC
12 March 2008
12 March 2008
EXPOMEDIA GROUP PLC
("Expomedia" or "the Group")
Grant of Options
On 11 March 2008, Mark Shashoua (CEO), Darra Comyn (Group Finance Director) and
Michael Sift (Managing Director) were granted a total of 1,850,000 options to
subscribe for ordinary shares of 5p each in the capital of the Company (the '
shares') at an exercise price of 25p, subject to performance conditions.
These options have been granted to replace options granted in January and
December 2006. The remuneration committee recommended that 1,725,000 options
granted in January and December 2006 be cancelled and new options awarded as the
options granted in 2006 would almost certainly have lapsed without exercise and
therefore no longer represented the incentive intended. These options are
granted from the executive share option scheme over ordinary shares held by the
Expomedia Employee Benefit Trust.
Director Number of Options Exercise Period Exercise Price
Awarded
Mark Shashoua 775,000 11 March 2011 - 11 March 2018 25 pence
Darra Comyn 450,000 11 March 2011 - 11 March 2018 25 pence
Michael Stift 625,000 11 March 2011 - 11 March 2018 25 pence
All options are exercisable from 2011. Conditions include a 25% compound growth
in total shareholders return over three years, for 75% of the options granted to
vest and over four years for 100% of the options granted to vest. Overall
shareholder return must exceed the average for all AIM companies and is based on
the share price on 10 March 2008 of 72pence.
Additionally options granted to the above directors under the executive scheme
have been cancelled as follows:
Director Number of Options Exercise Period Exercise Price
Cancelled
Mark Shashoua 775,000 25 January 2009 - 25 January 2016 25 pence
Darra Comyn 450,000 25 January 2009 - 25 January 2016 25 pence
Michael Stift 250,000 25 January 2009 - 25 January 2016 25 pence
Michael Stift 250,000 18 December 2009 - 18 December 2016 25 pence
As a result of the above grant of and the cancellation of the options outlined
above, Mark Shashoua, Darra Comyn and Michael Sift hold the following options.
Director Number of Options Exercise Period Exercise Price
Held
Mark Shashoua 775,000 25 January 2009 - 25 January 2016 25 pence
Mark Shashoua 200,000 18 January 2005 -18 January 2012 75.5 pence
Mark Shashoua 200,000 29 April 2005 - 29 April 2012 85.5 pence
Darra Comyn 450,000 11 March 2011 - 11 March 2018 25 pence
Darra Comyn 200,000 18 January 2005 -18 January 2012 75.5 pence
Darra Comyn 200,000 29 April 2005 - 29 April 2012 85.5 pence
Michael Stift 625,000 11 March 2011 - 11 March 2018 25 pence
Michael Stift 250,000 30 April 2007 - 30 April 2014 80 pence
Enquiries:
Expomedia Group Plc
Mark Shashoua
Tel: 020 8386 0070
Bishopsgate Communications Ltd (PR)
Dominic Barretto
Tel: 020 7562 3350
Charles Stanley Securities (Nominated Adviser)
Mark Taylor
Tel: 020 7149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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