betinternet.com PLC
20 September 2006
betinternet.com Plc ('the Company' or 'the Group')
Directorate Change and Grant of Options
The Board of betinternet.com plc ('betinternet.com'), the global on-line
gaming group, is pleased to announce the appointment of Damon Waddington FCCA as
Finance Director. Damon, who is 35, joined the Group in February 2006 as
Financial Controller. He previously held the position of Financial Controller
within the Fortis Group.
Since Damon's arrival at betinternet.com, he has been responsible for the
reorganisation of the Company's financial operations and has already identified
and implemented many cost reductions.
Managing Director, Garry Knowles said today: 'I am very happy to welcome
Damon onto the board of betinternet.com. He has already proven to be a great
asset to the Company and he will add substantial experience to the executive
team.'
Damon is also a director of Premium Consultants Ltd (an Isle of Man company) and
a partner of Mishka Partnership. No other information in respect of Damon
Waddington is required to be disclosed under Schedule Two (g) of the AIM Rules.
betinternet.com plc also announces that the Remuneration Committee has granted
options to Garry Knowles, Managing Director. The options have been issued under
the betinternet.com 2005 Share Option Plan.
On 20 September 2006, the Company issued options over a total of 3,500,000
ordinary shares of 1p each, with an exercise price of 6.0565p per ordinary
share, exerciseable between 20 September 2009 and 20 September 2016.
In addition, Garry Knowles is interested in share options over ordinary shares
of 1p each also granted under the betinternet.com 2005 Share Option Plan.
On 18 March 2005, options were granted to Garry Knowles over 1,500,000 shares at
an exercise price of 10.4p per share, exercisable between 18 March 2008 and 18
March 2015 and on 30 March 2006 over 9,000,000 shares at an exercise price of 5p
per share, exercisable between 30 March 2009 and 30 March 2016.
For further information:
Betinternet.com Plc
Garry Knowles, Managing Director Telephone: 01624 698141
Evolution Securities Plc
Joanne Lake Telephone: 0113 243 1619
Britton Financial PR
Tim Blackstone Telephone: 020 7251 2544
This information is provided by RNS
The company news service from the London Stock Exchange
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