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Worldsec Ld (WSL)

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Tuesday 01 December, 2015

Worldsec Ld

Grant of Options

RNS Number : 5570H
Worldsec Ld
01 December 2015
 



1 December 2015

 

Worldsec Limited (the "Company", and together with its subsidiaries, the "Group")

 

Grant of Options

 

The Board announces that, under the Company's Employee Share Option Scheme ("Scheme"), it has granted options aggregating 2,950,000 ordinary shares of US$ 0.001 each in the Company (the "Options") to the Directors and certain staff of the Group on 1 December 2015 ("Date of Grant").

 

The Options granted have an exercise price of US$0.122 per share, which, based on the USD/GBP exchange rate of 0.66 at the Date of Grant, is equivalent to 8.1 pence per share, being ninety per cent of the average of the middle market quotations of the Company's shares (as derived from the Daily Official List of the London Stock Exchange) for the five Business Days immediately preceding the Date of Grant. The Options have a vesting period of six months and a tenure of 10 years from the Date of Grant. Under the Scheme rules, the grantees are not required to pay for the grant of the Options.

 

Details of the grant of the Options are as follows:

 

Name

Position

Number of options granted

Alastair Gunn-Forbes

Non-executive Chairman

500,000

Henry Ying Chew Cheong

Executive Director

500,000

Mark Chung Fong

Non-executive Director

500,000

Martyn Stuart Wells

Non-executive Director

500,000

Ernest Chiu Shun She

Executive Director

500,000

Certain staff of the Group

-

450,000

 

The Options have been granted as part of an overall strategy to remunerate and incentivise key management and staff of the Group.

 

 

-ends-

Date: 1 December 2015


This information is provided by RNS
The company news service from the London Stock Exchange
 
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