Share Options

RNS Number : 0573F
Asia Digital Holdings PLC
18 April 2011
 



Press Release

18 April 2011

 

Asia Digital Holdings Plc

("ADH" or the "Company")

 

Share Options

 

Asia Digital Holdings plc (AIM: ADH.L), an independent online marketing group, announces that 21,183,333 of the outstanding 64,090,000 share options held by Directors and employees of the Company under an approved Company share option scheme have been re-priced with an exercise price of 0.5 pence per option. Save for the re-pricing, no other changes to the terms of the options have been made.

 

The replacement of share options was part of several initiatives proposed by the Board in December to generate cost savings and align staff with shareholders interests, subject to a review carried out by Northland Capital Partners (the Company's Nominated Adviser) who consider the proposition to be fair and reasonable in so far as the shareholders are concerned.

 

The replacement of share options has only been put into effect as of 14 April 2011 due to the Company being in a closed period. The share options will be fully vested on the second anniversary of date of issue.

 

The number of share options, which are the subject of the re-pricing, held by the members of the Board remains unchanged as follows:

                       

Adrian Moss

17,400,000

David Lees

1,750,000 

Keith Lassman

1,250,000

 

- Ends -

 

 

For further information, please contact:

 

Asia Digital Holdings plc


Adrian Moss, Chief Executive

www.adhplc.asia

 

Northland Capital Partners Limited

Tel:  +44 (0) 20 7492 4750

Gavin Burnell / Rod Venables (Nominated Adviser)


Katie Shelton (Corporate Broking)

www.northlandcp.co.uk

 

Abchurch Communications


Julian Bosdet / Claire Dickinson

Tel: +44 (0) 20 7398 7718

claire.dickinson@abchurch-group.com

www.abchurch-group.com

 

 

 


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