Tangent Communications PLC Executive Directors' options (8615Z)
September 22 2015 - 11:25AM
UK Regulatory
TIDMTNG
RNS Number : 8615Z
Tangent Communications PLC
22 September 2015
Tangent Communications PLC ("Tangent" or the "Company")
Executive Directors' options surrender and extension to exercise
period
Surrender:
2012 Executive Option Scheme
A total of 14,000,000 options have been surrendered by the
directors; Timothy Green, Nicholas Green and Kevin Cameron, having
failed to meet the performance criteria set at the time of the
grant.
Extension:
2009 Executive Option and Phantom Option Scheme
The exercise period for 9,225,542 options granted in 2009 to
Timothy Green, Nicholas Green and Kevin Cameron have been extended
to 31(st) August 2018.
2005 Executive Option Scheme
The exercise period for 9,000,000 options granted in 2005 to
Nicholas Green and Timothy Green have been extended to 31(st)
August 2018.
No new options have been granted. As a result, the options
currently held by the directors of the Company are as follows. All
such options are fully vested:
Exercise Vested Expiry New Expiry
Price Options Date Date
2009 Scheme
Kevin Cameron 1p 255,234 08/11/15 31/08/18
1p 777,000 23/06/16 31/08/18
Timothy
Green 1p 1,728,163(1) 31/12/15 31/08/18
1p 1,018,491(1) 08/11/15 31/08/18
1p 1,350,000(1) 23/06/16 31/08/18
Nicholas
Green 1p 1,728,163(1) 31/12/15 31/08/18
1p 1,018,491(1) 08/11/15 31/08/18
1p 1,350,000(1) 23/06/16 31/08/18
2005 Scheme
Timothy
Green 1p 1,500,000 26/09/15 31/08/18
5p 2,500,000 26/09/15 31/08/18
Nicholas
Green 1p 2,500,000 26/09/15 31/08/18
5p 2,500,000 26/09/15 31/08/18
(1) Denotes "phantom share options". The board of the Company
has discretion to satisfy these as a
cash bonus or through the issue of ordinary shares.
For further information, please contact:
Tangent Communications plc
Jamie Beaumont - Chief Financial Officer: 020 7462 6101
Canaccord Genuity Limited - Nominated adviser and broker
Bruce Garrow / Emma Gabriel: 020 7523 8350
This information is provided by RNS
The company news service from the London Stock Exchange
END
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