Issue of Employee Options


 

TIDMTSEG 
 
RNS Number : 5509N 
TSE Group PLC 
18 February 2009 
 

For immediate release 
18 February 2009 
 
 
 
 
TSE Group plc 
("TSE" or the "Company") 
Issue of options to employees 
 
 
The Board of TSE announce that the Remuneration Committee of the Company 
(comprising Brian Blasdale and Adam Reynolds) has today awarded in aggregate 
options over 32 million new ordinary shares to employees of its wholly-owned 
subsidiary, TSE Consulting SA in accordance with the terms of the Company's 
share option scheme. 
 
 
The options will vest on 18 February 2011 and must be exercised on or before 18 
February 2014 at an exercise price of 0.23p per ordinary share. The Company has 
also today cancelled the existing options held by these employees over 16.5 
million ordinary shares which had been previously awarded in 2007 at an exercise 
price of 1p per ordinary share. The Remuneration Committee considers that it is 
critical to ensure that employees are suitably rewarded and incentivised to 
continue the development of the Group and the Remuneration Committee considered 
that the existing options no longer served this purpose. 
 
 
 
 
For further information, please contact: 
+---------------------------------------------------------+------------------------------------------+ 
|                                     TSE                 |                                     Tel: | 
|                                     Group               |                                     0207 | 
|                                     plc                 |                                     245  | 
|                                                         |                                     1100 | 
+---------------------------------------------------------+------------------------------------------+ 
|                                     Paul                |                                          | 
|                                     Foulger             |                                          | 
|                                     www.tsegroupplc.com |                                          | 
+---------------------------------------------------------+------------------------------------------+ 
|                                                         |                                          | 
+---------------------------------------------------------+------------------------------------------+ 
|                                     Beaumont            |                                     Tel: | 
|                                     Cornish             |                                     0207 | 
|                                     Limited             |                                     628  | 
|                                                         |                                     3396 | 
+---------------------------------------------------------+------------------------------------------+ 
|                                     Michael             |                                          | 
|                                     Cornish             |                                          | 
+---------------------------------------------------------+------------------------------------------+ 
 
 
 
 
Note to Editors: 
TSE Consulting SA is a wholly owned subsidiary of TSE Group plc, a company 
traded on AIM, a market operated by the London Stock Exchange. TSE Group plc 
will, through increased organic growth and acquisitions over the coming years, 
become a vertically integrated group of specialised companies providing high 
level consultancy services to governments and organising committees. TSE 
Consulting SA is the platform upon which the rest of TSE Group plc is based. TSE 
Group plc is committed to offering the complete range of services for 
governments and organising committees involved in major sports events. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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