Grant of Options

RNS Number : 6354S

Zinc Media Group PLC

22 December 2016

 

22 December 2016

Zinc Media Group plc
("Zinc Media" or the "Company")

Grant of Options

Zinc Media Group plc, the TV and multimedia content producer, announces that it has granted options over 24,000,000 ordinary shares in the capital of the Company (the "Options") to the directors of the Company.

The Options, which have a three-year life, are exercisable at 0.75p per share and vest in stages and quantums subject to the director's continued appointment for three years following grant and the achievement of certain performance criteria.

As announced in the Company's recent shareholder circular on 28 October 2016 all of the previous share options held by each of the directors and senior management are in the process of being cancelled.

The following directors have been granted Options:

Director	No. of Options granted	Resultant share option holding after cancellation of previous share options
Peter Bertram	6,000,000	6,000,000
David Galan	12,000,000	12,000,000
Luke Johnson	3,000,000	3,000,000
Jonathan Goodwin	3,000,000	3,000,000

The Company also announces that it has agreed to grant options over an additional 38,000,000 ordinary shares in the capital of the Company to various members of the senior management team. 

For further information please contact:

Zinc Media Group plc                                                                          [phone]

Peter Bertram, Chairman

David Galan, CFO

www.zincmedia.com

N+1 Singer (NOMAD and Broker to Zinc Media Group)                        [phone]

Shaun Dobson / Lauren Kettle

 

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