Grant of Options

RNS Number : 5028Y

Amino Technologies PLC

01 March 2012

 



Amino Technologies PLC

Grant of Options

Amino Technologies plc ("Amino" or the "Company"; stock code: AMO), the Cambridge-based leader in digital entertainment solutions for in-home multimedia distribution, announces that on 29 February 2012, pursuant to the Company's long term incentive plan, it awarded options to acquire ordinary shares of 1 pence each in the Company ("Options") to the following Directors of the Amino on the terms detailed below:

Name	Position	No. of Options	Date of Grant	Exercise Price	Total No. of Options now held
Donald McGarva	CEO	500,000	29 February 2012	48p	1,000,000
Julia Hornby	CFO	250,000	29 February 2012	48p	500,000

The Options awarded are subject to certain performance criteria based upon the share price performance and the earnings generated by the Company. The Options vest when the performance criteria have been met and expire on the fifth anniversary of the date of the grant.

The exercise price is based on 2% uplift in the VWAP share price for the period 13^th February to 29^th February.

Following this grant of Options Amino now has a total of 3,976,311 outstanding Options.

Amino Technologies:	[phone]
Keith Todd, Non Executive Chairman	www.aminocom.com
FTI Consulting:	[phone]
Clare Thomas / James Melville-Ross / Matt Dixon
finnCap Limited	[phone]
Marc Young / Charlotte Stranner - Corporate Finance
Stephen Norcross / Victoria Bates - Corporate Broking

 

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