Issue of options

RNS Number : 6672Q

1Spatial Plc

16 October 2013

 

16 October 2013

1Spatial plc

("1Spatial" or the "Company")

Issue of Options

1Spatial Plc (AIM: SPA), the Spatial Big Data Company, which manages some of the world's largest spatial data,announces that on 15 October 2013 options over 22,500,000 ordinary shares of 1p each in the Company ("Ordinary Shares") were issued to a number of employees and directors under the Company's EMI share option plan. The options will vest over various vesting periods and have been issued to motivate, attract and tie in key staff within the business.  The options vest based on a number of different conditions including share price and other performance targets and time elapsed.  The total number of options now outstanding over Ordinary Shares is 41,618,396, representing 6.4% of the Company's ordinary issued share capital. The awards to directors were as follows:

Director	Number of Options	Exercise Price
Marcus Hanke (CEO)	7,000,000	6.0p
Claire Milverton (CFO)	5,000,000	6.0p

In the case of Marcus Hanke, 7,000,000 options will vest on the earlier of the share price achieving 15p or equally over four years from the date of grant.

In the case of Claire Milverton, 5,000,000 options will vest on the earlier of the share price achieving 15p or equally over four years from the date of grant. 

Marcus Hanke and Claire Milverton currently hold 29,124,641 and 388,857 Ordinary Shares respectively, representing 4.48% and 0.06% of the ordinary issued share capital of the Company.

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For further information, contact:

1Spatial plc Marcus Hanke/Claire Milverton	Tel: [phone]
N+1 Singer                  Shaun Dobson/ Matt Thomas	Tel: [phone]
FTI                   Sophie McMillan/Lucy Delaney	Tel: [phone]

 

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