Grant of Options

RNS Number : 0121S

Cashbox PLC

11 May 2009

 



Cashbox plc ('Cashbox' or the 'Company')

Grant of Options

Cashbox announces that it has granted new options to subscribe for ordinary shares to Ciaran Morton, CEO, and Matthew Thomas, CTO, as set out in the table below. The options have an exercise price of 3.1p per share and one quarter vest immediately with the balance vesting in three equal tranches over the next 18 months.

The options granted to the Directors were as follows:

Director	New Options
Ciaran Morton	4,000,000
Matthew Thomas	2,000,000

A further 2,541,500 options over ordinary shares have been granted on similar terms to senior management and others.

In addition, a total of 8,774,250 options have been voluntarily cancelled by certain directors and management of the Company, including 2,000,000 held by Ciaran Morton and 800,000 held by Matthew Thomas.

Following these cancellations and new option grants a total of 9,341,500 options to subscribe for ordinary shares in the Company are outstanding.

Enquiries:

Cashbox PLC                                                               01256 441000

Ciaran Morton, CEO

Bill Hughes, Chairman of Remuneration Committee 

Threadneedle Communications                                      020 7936 9606

Josh Royston/Graham Herring

Seymour Pierce Ltd                                                      020 7107 8000

Jonathan Wright

 

END

 

 

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