EMI SHARE OPTION SCHEME

RNS Number : 3011B
Immedia Group PLC
23 October 2009
 

Immedia Group Plc


("Immedia" or "the Company")


EMI SHARE OPTION SCHEME


Immedia Group Plc (AIM: IME.L), the UK's leading provider of live, bespoke radio stations and digital signage for retail, is pleased to announce the following details of the grant of new share options.


The following options were granted on 16 October 2009 under the Immedia Group Plc EMI share option scheme:


Name and Position:

EMI share options

Total number of EMI options held

Bruno Brookes

Chief Executive Officer

30,000

80,000

Ross Penney

Business Affairs Director

27,000

54,000

All other qualifying staff

116,000

247,000


The following Unapproved share options were granted:


Name and Position:

Unapproved share options

Total number of unapproved options held

Charles Barker-Benfield

Finance Director

27,000

54,000


The option price for the 16 October 2009 awards is 10.5 pence per share, which was a 5% premium to the closing mid market price on 15 October 2009.


These options have been granted to retain and incentivise all qualifying staff.


Full details of the performance criteria on which vesting of these options dependsincluding the achievement of significant growth in profits before tax, and expiry dateswill be disclosed in the Company's 2009 financial statements




Contact:


Immedia Group Plc

Bruno Brooks, Chief Executive Officer        Tel: + 44 (0) 1635 556200

www.immediaplc.com    


Daniel Stewart & Company plc

Christopher Theis / Simon Leathers            Tel: + 44 (0) 20 7776 6550




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