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Clarity directors granted options

By BFN News | 02:12 PM | Wednesday 28 April, 2010


Clarity Commerce Solutions' chief executive and business development director have been granted options under the firm's senior executive option scheme. And the firm's employee benefit trust has subscribed for 1,730,510 new shares in relation to the awards to the directors. CEO Ken Smith and business development director Tony Houldsworth were each granted 299,999 share options and 865,255 joint ownership awards. The options and JOAs are subject to performance criteria and in particular the company's total shareholder return performance against the FTSE AIM technology sector index. The JOAs will vest after three years, subject to the company achieving the performance criteria. The options are exercisable at any time between 27 April 2013 and 27 April 2020. Story provided by Business Financial Newswire

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