Grant of options

RNS Number : 9313Y

Gamma Communications PLC

20 May 2016

 

20 May 2016

Gamma Communications plc

Grant of options

Gamma Communications plc ("the Company") announces the following grant of nil cost share options over ordinary shares of 0.25 pence each in the Company to the following Executive Directors of the Company pursuant to the Gamma Long-Term Incentive Plan established on 2 September 2014:  

Director	No of Options	Exercise price
Robert Falconer	71,870	nil
Andrew Belshaw	44,002	nil
Richard Bligh	47,932	nil

The above options were granted on 17 May 2016 and the exercise of the above options is subject to certain performance conditions having been met during the three year period up until 31 March 2019.

The Company also announces the following grant of share options over ordinary shares of 0.25 pence each in the Company to the following Executive Director of the Company pursuant to the Gamma Savings Related Share Option Scheme 2016 established on 4 February 2016.   

Director	No of Options	Exercise price
Richard Bligh	3,135	£3.444

The above options were granted on 19 May 2016 and the scheme was offered to all those who were employees on 1 February 2016. It enables the employee to save for three years and then to use the proceeds to exercise share options, such exercise needing to take place within a six month window.

Enquiries:

Gamma Communications plc Bob Falconer, Chief Executive Officer Andrew Belshaw, Chief Financial Officer Malcolm Goddard, Company Secretary	Tel: [phone]
Investec Bank plc (NOMAD & Broker) Dominic Emery / Sebastian Lawrence Patrick Robb / Matt Lewis	Tel: [phone]
Tulchan Communications LLP (PR Adviser) James Macey White / Matt Low	Tel: [phone]

 

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