Grant of Options

RNS Number : 2226N

Bango PLC

26 September 2012

 



26 September 2012

BANGO PLC

("Bango" or "the Company")

Grant of Options

Bango (AIM: BGO), the mobile web payments and analytics company, announces that on 25 September 2012 under the EMI Share Option Scheme, Peter Saxton, a Director of Bango, was granted the following number of options to subscribe for ordinary shares of 20p each, all at the exercise price of 178.0 pence being the closing mid-market price on 24 September 2012.

Director	Peter Saxton
Position	Chief Financial Officer
Number of Options Granted	32,500

The options vest over a three year period, in twelve equal installments, one twelfth each quarter and may be exercised up to the tenth anniversary of the date of grant. The options have been granted as part of the Directors remuneration package.

As announced on 21 May 2012, Mr. Saxton is expected to retire by the end of November 2012. In this case a maximum of one twelfth of the options granted will vest and the remainder will lapse. The process for recruiting a new CFO is in progress and an update will be provided when appropriate.

Contact Details:

Bango plc	Newgate Threadneedle	Cenkos Securities plc
Tel. [phone] www.bango.com	Tel. [phone]	Tel. [phone]
Ray Anderson, CEO	Caroline Evans-Jones	Ken Fleming
Peter Saxton, CFO	Fiona Conroy	Neil McDonald

About Bango

In the era of mobile technology, collecting payments has emerged as a central and complex challenge. Bango (AIM: BGO) powers payment and analytics on the mobile web, providing users with a massively smooth payment experience.

Bango's pervasive presence across the web creates a platform effect for partners, identifying hundreds of millions of users and maximising the number of single click payments. Customers who plug into Bango include Facebook, Blackberry App World, Windows Marketplace, Amazon and major mobile brands including CNN, Cartoon Network and EA Mobile. Visit: bango.com

 

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