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: [phone]
Beaumont Cornish (Nominated Adviser)
Roland Cornish / Michael Cornish / Emily Staples	Tel: [phone]
XCAP Securities PLC (Corporate Broker)	Tel: [phone]
David Lawman

ENDS

 

END

 

 

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