Grant of Options
January 14 2009 - 11:34AM
UK Regulatory
TIDMNEO
RNS Number : 6522L
Neovia Financial PLC
14 January 2009
+---------------------------+---------------------------+---------------------------+
| Press release | | For immediate release |
+---------------------------+---------------------------+---------------------------+
NEOVIA Financial Plc
Grant of options
Wednesday, 14 January 2009 - NEOVIA Financial Plc (LSE: NEO) makes the following
announcement regarding options to be granted further to the Company's
announcement on 8 December 2008.
The Company confirms that, following receipts of acceptances by Eligible
Executives, it has granted a total of 2,789,100 options to Eligible Executives
over the Company's ordinary shares of 0.01 pence.
The options were granted under the two share options plans operated by the
Company as follows:
* A total of 2,160,585 options were granted under the NEOVIA Financial Plc Share
Option Plan (the "Unapproved Plan").
* A further 628,515 options were granted under the UK Approved NEOVIA Financial
Plc Approved Share Option Plan (the "Approved Plan").
The options under both the Unapproved Plan and the Approved Plan were granted at
an exercise price of 53 pence, being the average of the mid-closing price of the
Company's shares for the three trading days prior to 5 December 2008.
The period during which these options can be exercised is as follows:
Under the Unapproved Plan:
* 2,158,135 options have a grant period of 4 years from 5 December 2008, 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; and
* 2,450 options have a grant period of 3� years from 5 December 2008, having vesting dates on 15 January 2009, 15 October 2009 and 15 October 2010, on which dates one third of the options granted vest. These options expire on 5 June 2012 and the last date for exercise is therefore 4 June 2012.
Under the Approved Plan:
* 628,015 options have a grant period of 4 years from 5 December 2008, 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; and
* 500 options have a grant period of 3� years from 5 December 2008, having vesting
dates on 15 January 2009, 15 October 2009 and 15 October 2010, on which dates
one third of the options granted vest. These options expire on 5 June 2012 and
the last date for exercise is therefore 4 June 2012.
The table below sets out the details relating to each Director in respect of the
information set out above and their total options outstanding as at 13 January
2009:
+------------+----------+-----------+-------------------+------------+------------+------------+
| Director | Grant | Exercise | Exercise | Options | Options | Total |
| | date | Price | period | granted | granted | |
| | | (pence) | (earliest/latest) | Unapproved | Approved | |
| | | | | Plan | Plan | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| Dale | 20.11.06 | 138p | 14.04.07 / | 225,000 | - | 225,000 |
| Johnson | 30.10.07 | 72.75p | 14.04.10 | 105,000 | - | 105,000 |
| | 30.10.07 | 72.75p | 30.10.08 / | 50,000 | - | 50,000 |
| | 05.12.08 | 53p | 30.04.11 | 75,000 | - | 75,000 |
| | | | 30.10.08 / | | | |
| | | | 30.10.11 | | | |
| | | | 15.10.09 / | | | |
| | | | 04.12.12 | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | 455,000 | | 455,000 |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| Don | 20.11.06 | 138p | 14.04.07 / | 40,000 | - | 40,000 |
| Lindsay | 30.10.07 | 72.75p | 14.04.10 | 20,000 | - | 20,000 |
| | 30.10.07 | 72.75p | 30.10.08 / | 30,000 | - | 30,000 |
| | 05.12.08 | 53p | 30.04.11 | 40,000 | - | 40,000 |
| | | | 30.10.08 / | | | |
| | | | 30.10.11 | | | |
| | | | 15.10.09 / | | | |
| | | | 04.12.12 | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | 130,000 | | 130,000 |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| Ron Martin | 20.11.06 | 138p | 14.04.07 / | 600,000 | - | 600,000 |
| | 30.10.07 | 72.75p | 14.04.10 | 250,000 | - | 250,000 |
| | 30.10.07 | 72.75p | 30.10.08 / | 250,000 | - | 250,000 |
| | 05.12.08 | 53p | 30.04.11 | 351,900 | - | 351,900 |
| | | | 30.10.08 / | | | |
| | | | 30.10.11 | | | |
| | | | 15.10.09 / | | | |
| | | | 04.12.12 | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | 1,451,900 | | 1,451,900 |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| John | 20.11.06 | 138p | 14.04.07 / | 40,000 | - | 40,000 |
| Webster | 30.10.07 | 72.75p | 14.04.10 | 20,000 | - | 20,000 |
| | 30.10.07 | 72.75p | 30.10.08 / | 30,000 | - | 30,000 |
| | 05.12.08 | 53p | 30.04.11 | 40,000 | - | 40,000 |
| | | | 30.10.08 / | | | |
| | | | 30.10.11 | | | |
| | | | 15.10.09 / | | | |
| | | | 04.12.12 | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | 130,000 | | 130,000 |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| Total | 20.11.06 | 138p | 14.04.07 / | 905,000 | - | 905,000 |
| | 30.10.07 | 72.75p | 14.04.10 | 395,000 | - | 395,000 |
| | 30.10.07 | 72.75p | 30.10.08 / | 360,000 | - | 360,000 |
| | 05.12.08 | 53p | 30.04.11 | 506,900 | - | 506,900 |
| | | | 30.10.08 / | | | |
| | | | 30.10.11 | | | |
| | | | 15.10.09 / | | | |
| | | | 04.12.12 | | | |
+------------+----------+-----------+-------------------+------------+------------+------------+
| | | | | 2,166,900 | Nil | 2,166,900 |
+------------+----------+-----------+-------------------+------------+------------+------------+
As at 13 January 2009, the Company has total options outstanding of 9,795,150,
with 9,166,635 options under the Unapproved Plan and 628,515 options under the
Approved Plan. As at 13 January 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
Citigate Dewe Rogerson+ 44 (0) 207 638 9571
Sarah Gestetner / George Cazenove
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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