Grant of Options

RNS Number : 8307H

Ubisense Group PLC

17 July 2012

 



17 July 2012

Ubisense Group plc

("Ubisense" or "the Company") 

Grant of Options 

Ubisense Group plc (AIM: UBI) announces that on 29 June 2012 the Board approved the grant of 347,000 options over ordinary shares of £0.02 each in the Company ("Ordinary Shares") to certain directors and key employees of the Company ("Share Options").

The Share Options granted to directors are as follows:

Richard Green	60,000
Gordon Campbell	40,000

The Share Options are to subscribe for new ordinary shares in the Company and the exercise price is 212.50 pence per ordinary share, being the closing price of the Ordinary Shares on 28 June 2012.

For the directors, one third of the Share Options will vest on the first anniversary of the date of grant with the balance vesting in equal tranches on the second and third anniversaries. The grants will be fully vested on the third anniversary of the date of grant. The grants vest subject to meeting performance criteria set out in the long-term incentive plan ("LTIP"). The grants to employees are not subject to performance criteria and vest fully on the third anniversary of the date of grant. All share options must be exercised on or before 29 June 2022, failing which they will lapse.

After granting the above share options the beneficial and other interests of the directors and their families in the shares of the Company at 16 July 2012 are:

	Ordinary Shares	% of Issued Share Capital	Options Over Ordinary Shares
Robert Sansom	2,493,676	11.44	-
Richard Green	1,543,011	7.08	236,278
Richard Newell	643,354	2.95	1,056
Andrew Hopper	225,000	1.03	20,278
Gordon Campbell	87,987	0.40	193,000
Peter Harverson	65,161	0.30	91,333
J Keith Lomas	47,712	0.22	-
Paul Taylor	-	-	-

Following the grant of the above options, the share capital of the Company comprises 21,804,967 Ordinary Shares, with voting rights, plus 2,090,720 options over Ordinary Shares.

The above figure of 21,804,967 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 DTR.

For further information, see the Company's website www.ubisense.net or contact one of the following:

Enquiries:

Ubisense Group Plc	Tel: [phone]
Richard Green
Gordon Campbell
Canaccord Genuity Limited (NOMAD)	Tel: [phone]
Simon Bridges
Kit Stephenson
FTI Consulting	Tel: [phone]
James Melville-Ross
Jon Snowball

About Ubisense:

Ubisense, a market leader in location solution technology, delivers mission-critical enterprise asset tracking and geospatial systems. The company's location technology provides more than 500 customers worldwide with unprecedented visibility of, and control over, previously intractable business processes. Ubisense is headquartered in Cambridge, UK, with offices in the USA; Canada; France; Germany; Singapore; and Korea. For more information visit: www.ubisense.net

 

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