Grant of Share Options

RNS Number : 8242U

Coms PLC

20 May 2008

 



Coms plc

("Coms" or "the Company")

Grant of Share Options

Coms plc (AIM: COMS.L), a leading provider of low-cost calls via broadband internet access in homes, offices and WiFi hotspots, announces that pursuant to the Coms EMI Share Option Plan 2006, it has granted a total of 26,000,000 Share Options at an exercise price of 0.5p per Ordinary Share to the following Directors and employees:

Name	Total Share Options Granted
Terry Martin, Chief Executive Officer	12,000,000
Andrew Branson, Chief Financial Officer	4,000,000
Employees	10,000,000

The above Share Options have been granted subject to certain performance criteria and profitability targets being met and will vest over three years. 

The Company has also issued Warrants over 10,000,000 Ordinary Shares to Richard Bennett, Corporate Development Director, at an exercise price of 0.5p each. These will also vest over three years.

Following today's grant of Options and the issue of Warrants, the Directors' interests (either directly or indirectly) in Ordinary Shares, Options and Warrants are set out below:

Name:	Total Ordinary Shares:	Total Ordinary Shares - % of the current issued share capital:	Total  Options:	Total Warrants:
Jason Drummond,  Executive Chairman	520,679,032	42.61	0	0
Terry Martin, Chief Executive Officer	2,500,000	0.20	12,000,000	5,000,000
Richard Bennett, Corporate Development Officer	2,500,000	0.20	0	15,000,000
Jonathan Cole, Non Executive Director	90,951,100	7.44	0	0
Justin Drummond, Non Executive Director	41,431,400	3.39	0	0
Andrew Branson, Chief Financial Officer	500,000	0.04	4,000,000	1,000,000

The total number of Ordinary Shares in issue remains unchanged at 1,221,961,533.

For further information please contact:

COMS PLC
Richard Bennett, Corporate Development Officer	Tel: + 44 (0) 20 1148 3600
	www.coms.com
DANIEL STEWART & COMPANY PLC
Simon Leathers	Tel: + 44 (0) 20 7776 6550
	www.danielstewart.co.uk

 

END

 

 

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