Grants under the Long Term Incentive Plan ("LTIP")
April 01 2010 - 11:10AM
UK Regulatory
TIDMNEO
RNS Number : 6760J
Neovia Financial PLC
01 April 2010
NEOVIA Financial Plc
Grants under the Long Term Incentive Plan ("LTIP")
Thursday, 1 April 2010 - NEOVIA Financial Plc (LSE: NEO) ("the Company"), the
leading alternative payments business, announces that it made certain grants
under the recently introduced long term incentive plan, the NEOVIA Financial Plc
Long Term Incentive Plan ("LTIP"). This notification is made in accordance with
Rule 17 of the AIM Rules.
On 18 March 2010, the Remuneration Committee determined to make a grant under
the LTIP. On 30 March, two awards over 784,314 and 421,053 ordinary shares in
the Company were made to Mark Mayhew, President & CEO, under the rules of the
LTIP.
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 an award 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, Mark Mayhew has the following interests in
the Company's share capital:
+--------------------+--------------------+--------------------+--------------------+
| | Number of issued | Percentage of | Number of awards |
| | Ordinary Shares | issued share | issued under the |
| | | capital | LTIP |
+--------------------+--------------------+--------------------+--------------------+
| Mark Mayhew | Nil | - | 1,205,367 |
+--------------------+--------------------+--------------------+--------------------+
For further information contact:
NEOVIA Financial Plc
Andrew Gilchrist VP Communications+ 44 (0) 1624 698 713
Email: investorrelations@neovia.com
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
MSCIBMATMBMMBRM
Neo Energy Metals (LSE:NEO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Neo Energy Metals (LSE:NEO)
Historical Stock Chart
From Jul 2023 to Jul 2024