Grant of Options

RNS Number : 9172Y

MobilityOne Limited

05 December 2014

 



5 December 2014

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

Grant of Options

The Board of MobilityOne (AIM:MBO), the e-commerce infrastructure payment solutions and platform provider with its main operations in Malaysia, announces the grant of 10,600,000 options to subscribe for new ordinary shares of 2.5 pence each in the Company ("the Options") to directors and certain employees on 5 December 2014 (the "Grant Date"), under the MobilityOne Limited Share Option Plan (the "Share Option Plan"). The Share Option Plan was approved by shareholders at the Company's annual general meeting held on 22 July 2014 and a copy of the Share Option Plan is available on the Company's website (www.mobilityone.com.my).

The Options may be exercised between the Grant Date and the tenth anniversary of the Grant Date and will lapse if unexercised after 10 years from the Grant Date.

The Options have an exercise price of 2.5 pence per share, a 66.7% premium to the closing mid-market price of 1.5 pence per ordinary share on 4 December 2014.

5,300,000 Options have been issued to directors of the Company representing 4.98% of the Company's issued share capital. In addition another 5,300,000 Options have been issued to a number of senior employees in the Company, representing 4.98% of the Company's issued share capital.

The Options issued to directors are as follows:

Name	Position	Current number of Options held	Number of Options granted	Total number of Options now held	Per cent. of current issued share capital	Number of Ordinary Shares held
Dato' Hussian Rizal bin A. Rahman	Chief Executive Officer	0	800,000	800,000	0.75%	53,465,724
Abu Bakar bin Mohd Taib	Non-Executive Chairman	0	500,000	500,000	0.47%	0
Derrick Chia Kah Wai	Technical Director	0	2,000,000	2,000,000	1.88%	0*
Seah Boon Chin	Non-Executive Director	0	2,000,000	2,000,000	1.88%	0

*Derrick Chia Kah Wai's wife, Janice Yew Yoke Ping, has a beneficial interest in 1,943,000 ordinary shares in the Company equivalent to 1.8% of the Company's total issued share capital

Following the grant of the Options, the total number of options outstanding over ordinary shares is 10,600,000 representing 9.97% of the Company's issued share capital.

For further information, contact:

MobilityOne Limited                                                                                     [phone]

Dato' Hussian A. Rahman, CEO                                                                  www.mobilityone.com.my

[e-mail]

Allenby Capital Limited (Nominated Adviser and Broker) [phone]

Nick Athanas / James Reeve

About the Group:

MobilityOne provides e-commerce infrastructure payment solutions and platforms through its proprietary technology solutions, marketed under the brands MoCS and ABOSSE.

The Group has developed an end-to-end e-commerce solution which connects various service providers across several industries such as banking, telecommunication and transportation through multiple distribution devices including EDC terminals, mobile devices, automated teller machines ("ATM") and internet banking.

The Group's technology platform is flexible, scalable and designed to facilitate cash, debit card and credit card transactions from multiple devices while controlling and monitoring the distribution of different products and services.

For more information, refer to our website at www.mobilityone.com.my

 

END

 

 

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