Grant of Options

RNS Number : 2247U
Sarantel Group PLC
28 November 2013
 



For immediate release

28 November 2013

 

Sarantel Group Plc

("Sarantel" or the "Company")

Grant of Options

 

The Company announces that it has today granted options to the following Directors to subscribe for a total of 30 million new ordinary shares at an exercise price of 0.4p (being the closing mid-market price on 27 November 2013, being the last practicable date prior to the grant of options) expiring seven years from the date of grant and which vest immediately:

David Lenigas 

10 million

Donald Strang

10 million

David Wither

10 million

Total 

30 million

The options represent approximately 4.9 per cent. of the current issued ordinary share capital of the Company.

 

 

Enquiries:

Sarantel Group PLC


Donald Strang

Tel: 020 7440 0640

Beaumont Cornish (Nominated Adviser)


Roland Cornish / Michael Cornish / Emily Staples

Tel: 020 7628 3396

XCAP Securities PLC (Corporate Broker)

Tel: 020 7101 7070

  David Lawman


 









 


ENDS


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSLLFFRLTLTFIV
UK 100

Latest directors dealings