Grant of Options

RNS Number : 7572C

First Derivatives PLC

19 April 2013

 



First Derivatives plc 

("First Derivatives" or the "Company")

Directors' grant of options

First Derivatives (AIM: FDP.L, IEX:GYQ.I), a leading provider of software and consulting services to the capital markets industry, is pleased to announce that, upon the recommendation of the Company's Remuneration Committee, the Board yesterday granted Graham Ferguson, Chief Finance Officer, options over a total of 150,000 ordinary shares of 5p each in the Company (the "Options"). In addition, Kevin Cunningham, Executive Director, has been granted a further 60,000 Options as detailed below:

Director	No. of  Options Granted	Exercise price (p)	Exercise period	Total No. of Options held
Graham Ferguson	150,000	565	2014 - 2020	500,000
Kevin Cunningham	60,000	565	2013 - 2020	60,000

The Options are exercisable at 565 pence per ordinary share which, being the closing mid market price on the date prior to grant. The Options will vest, subject to certain performance criteria.

Enquiries:

First Derivatives plc	[phone]
Brian Conlon, Chief Executive	www.firstderivatives.com
Graham Ferguson, Chief Financial Officer
Charles Stanley Securities Nominated Adviser and Broker	[phone]
Russell Cook
Carl Holmes
Goodbody Corporate Finance ESM Adviser and Broker	[phone]
Diane Hodgson
Linda Hickey
Walbrook PR	[phone]
Bob Huxford
Paul Cornelius

 

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