Crossrider plc Issue of equity share options (8042Z)
June 01 2016 - 2:00AM
UK Regulatory
TIDMCROS
RNS Number : 8042Z
Crossrider plc
01 June 2016
Crossrider plc
("Crossrider", the "Company" or the "Group")
Issue of equity share options
Crossrider (AIM:CROS), the creator of digital advertising
platforms specialising in monetising web and mobile media through
the use of big data, announces today that Ido Erlichman, Group
Chief Executive Officer, has been awarded 2,000,000 share options
under the Crossrider Global Option Plan over ordinary shares of
US$0.0001 par value in the Company (the "Options").
The Options have an exercise price of 27.5 pence per share. 25
per cent of the Options vest at the end of the first year following
the grant date and 6.25 per cent on a quarterly basis during 12
quarters thereafter subject to continued employment.
- Ends -
For further information contact:
Crossrider plc +44 (0) 20 3772 2496
Don Elgie, Chairman via Bell Pottinger
Ido Erlichman, Chief Executive
Officer
Mark Carlisle, Chief Financial
Officer
Bell Pottinger
David Rydell
James Newman
Sam Cartwright +44 (0) 20 3772 2496
Shore Capital
Bidhi Bhoma
Toby Gibbs +44 (0) 20 7408 4090
About Crossrider
Crossrider is a creator of digital advertising platforms
specialising in monetising web and mobile media through the use of
big data. The Company's web and mobile platforms power ad networks,
agencies and direct publishers and enable the delivery of relevant
digital advertising through the analysis of big data: making online
marketing significantly more efficient and cost effective.
The Group operates web and mobile platforms which generate big
data, enabling the development of a proprietary ad serving
algorithm and engine that can extract value from this data to
deliver relevant advertising to targeted users.
Crossrider's vision is to become the de facto standard platform
for delivering relevant web and mobile adverts to billions of
people, powering the next generation of digital advertising.
www.crossrider.com
This information is provided by RNS
The company news service from the London Stock Exchange
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