Issue of Options

RNS Number : 8539Q

Webis Holdings PLC

03 March 2016

 

For immediate release                                                                                 3 March 2016

Webis Holdings plc

("Webis" or "the Group")

Issue of Options

Webis Holdings plc, the global licenced pari mutuel gaming and US racetrack operations group, announces that today the Board has granted 14,000,000 options to subscribe for new Ordinary Shares of 1p (the "Options") each to Ed Comins, the Group's Managing Director. Each option entitles the holder upon exercise to one ordinary share of 1p in the capital of the Group ("Ordinary Shares"). The Options have an exercise price of 1p each, representing a premium of 47% to Webis' last closing price, vest after 3 years and lapse after 10 years from the date of grant and are non-transferable.

Ed Comins was appointed as Group Managing Director on 29 April 2015 and has executive responsibility for all Group activities and therefore the Board considers it in the best interests of Webis that he is granted a meaningful option package to align his interests with those of Shareholders. Ed Comins holds no other options in the Group.

For further information:

Webis Holdings plc                 Tel:      [phone]

Denham Eke

Beaumont Cornish Limited     Tel:      [phone]

Roland Cornish/James Biddle

 

END

 

 

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