Option Expiry
28 Julio 2006 - 2:02AM
UK Regulatory
RNS Number:8639G
Caplay PLC
28 July 2006
FOR IMMEDIATE RELEASE: 28 July 2006
Contact:
Patrick Claridge, Chief Executive Caplay Plc +44 207 486 8985
David Bick, Holborn +44 207 929 5599
Roland Cornish, Beaumont Cornish Limited +44 207 628 3396
Nominated Adviser
Caplay PLC ("Caplay" or "the Company")
Option Expiry
On 26th July 2005 the Company granted Mr. T Ramsden an option over 35 million
shares in the Company, exercisable in full or in part at 2p (17.5 million
shares) and 5p per share (17.5 million shares). The option period for exercise
under the option agreement has now expired.
In addition, the Company was granted a number of options in Private Trading
Systems Inc ("PVTM") which expire on 2 August 2006 and require a minimum of five
business dates notice. The Company has decided that, given the Company's
existing equity interest in PVTM, it is not in the interest of Shareholders to
exercise its option in PVTM, and consequently, the option has expired under the
terms of the Option Deed agreement.
The Company retains its holding of 722,900 shares in PVTM. PVTM's shares are
traded on the Pink Sheets over-the-counter market in the US and as at close of
business on 26 July 2006 were trading at $8.02 per share.
The Company has not entered into any new option agreements with Mr. T Ramsden.
- ends
This information is provided by RNS
The company news service from the London Stock Exchange
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