Grant of Options (5456D)
24 Mars 2011 - 10:27AM
UK Regulatory
TIDMSTF
RNS Number : 5456D
smartFOCUS Group PLC
24 March 2011
smartFOCUS Group Plc
("smartFOCUS" or the "Company")
Grant of Options
Pursuant to the terms of his employment contract, Paul Creamer,
Chief Technology Officer, was entitled to be granted on 1 January
2011 options over 120,000 ordinary shares of 1p each ("Shares") at
an exercise price to be agreed, in accordance with the terms of the
grant, between the Company's Chief Executive Officer and Finance
Director.
The formal grant of the options was not finalised at the start
of the year but this position has now been rectified. The grant has
now been effected at an exercise price of 14.75 pence per Share,
being the closing mid-market price of a Share as at 31 December
2010, being the business day preceding the grant date.
Following this grant, Paul now holds 606,923 Shares,
representing approximately 0.64 per cent of the Company's issued
share capital and, in aggregate, options over 710,000 Shares.
For further information please contact:
smartFOCUS
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Curt Bloom, Interim CEO Tel No: 0117 943 5800
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Arbuthnot Securities Limited Tel No: 020 7012 2000
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Tom Griffiths
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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