Share Option Grant & Addition

RNS Number : 7851X

Bango PLC

10 December 2010

 



10 December 2010

Immediate Release

BANGO PLC

("Bango" or "the Company")

Share Options Grant and Additional Listing

Bango plc (AIM:BGO.L), the mobile web payments and analytics company, announces that on 10th December 2010 under the Company's Unapproved Share Option Scheme, Peter Saxton, a Director of the Company,  was granted the following number of options to subscribe for ordinary shares of 20p each in the Company all at the exercise price of 131.5p being the closing mid-market price on 9th December 2010.
 

Director	Peter Saxton
Position	Chief Financial Officer
Number of Options Granted	31,250

The options vest over a three year period, in twelve equal instalments, one twelfth each quarter and may be exercised up to the tenth anniversary of the date of grant.

The Company also announces that 28,393 new Ordinary Shares of 20p each ('New Ordinary Shares') have been issued and allotted following exercises of employee options.

Application has been made to the London Stock Exchange for the New Ordinary Shares, which will rank pari passu with the existing shares in issue, to be admitted to trading on AIM, and admission is expected to become effective on 17 December 2010.

The Company's total issued share capital after the admission of the New Ordinary Shares will be 37,897,159 Ordinary Shares.  The Company does not currently hold any shares in treasury. This figure of 37,897,159 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules. 

Contact Details:

Bango plc	Threadneedle Communications	Cenkos Securities plc
Tel. [phone] www.bango.com	Tel. [phone]	Tel. [phone]
Ray Anderson, CEO	Caroline Evans-Jones	Ken Fleming
Peter Saxton, CFO	Fiona Conroy	Beth McKiernan

About Bango

Bango (AIM: BGO) provides technology that enables commerce on the mobile web.

Bango enables businesses of all sizes to collect payment for music, games, applications, videos and services sold to internet connected mobile phone users.  Bango is able to charge payments to mobile phone bills or use other billing methods such as credit card based on intelligence about the consumer. Bango also provides an analytics service that provides accurate information about visitors and the effectiveness of marketing activities for mobile web sites.

Visit www.bango.com.

 

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