Grant of Share Options

RNS Number : 3012D

Ten Alps PLC

23 October 2015

23rd October 2015

Ten Alps plc

("Ten Alps" or the "Company")

Grant of Share Options

Ten Alps, the international TV and cross-platform content business, announces that it has granted options over 15,000,000 ordinary shares in the capital of the Company (the "Options") to certain directors of Ten Alps. The Options, which have a three-year life, are exercisable at 2.875p per share, being the closing middle-market share price on the trading day prior to the date of grant, and vest in stages subject to the Company's share price (the "Share Price") hitting certain targets. 25 per cent. of the Options will vest upon the Share Price reaching 4p for 30 consecutive trading days and the number of vested Options will increase on a straight-line basis thereafter until the Share Price reaches 5p for 30 consecutive trading days, at which point all Options will have vested.

The following directors have been granted Options:

Director	No. of Options granted	Resultant share option holding

Mark Wood (CEO)	12,500,000	12,500,000
Peter Bertram (Chairman)	500,000	2,750,000*
Luke Johnson (Non-executive Director)	1,000,000	1,000,000
Jonathan Goodwin (Non-executive Director)	1,000,000	1,000,000