Grant of Share Options
10 Septiembre 2004 - 2:00AM
UK Regulatory
RNS Number:8050C
Vebnet Holdings PLC
10 September 2004
VEBNET (HOLDINGS) LIMITED
Grant of share options
Vebnet, the Edinburgh-based, AIM-traded provider of technology for employee
benefit solutions, announces that options were granted yesterday over a total of
245,829 Ordinary Shares of #1 each in the Company.
Options over a total of 225,829 Ordinary Shares were granted under Vebnet's EMI
scheme, of which options over 29,600 Ordinary Shares were granted to Dr G J
O'Neill (Chief Executive Officer) and options over 39,700 Ordinary Shares were
granted to Mr S D Thurlow (Chief Financial Officer). All qualifying employees of
the Group were invited to participate in the option grant. Pursuant to the rules
of the scheme, the exercise price of the options, which is 125p per Ordinary
Share, is calculated by prior agreement with the Inland Revenue. The options are
exercisable over a three year period in three equal amounts commencing 9
September 2005.
Unapproved options over 20,000 Ordinary Shares were granted to D&L Scott, a
partnership in which Vebnet's Chairman, Mr D Scott, has a material interest. The
exercise price of the options is also 125p per Ordinary Share and the options
are exercisable over a three year period in three equal amounts commencing 9
September 2005.
The interests of Mr D Scott, Dr G J O'Neill and Mr S D Thurlow in the Ordinary
Share capital of the Company following the grant of these options (which are the
only options the Company has in existence) are now as follows:
Name Holding of Percentage of Holding of
Ordinary Shares Ordinary Share options over
capital Ordinary Shares
Mr D Scott 86,668 1.0 20,000
Dr G J O'Neill 1,061,634 12.6 92,600
Mr S D Thurlow 258,079 3.1 89,200
Enquiries:
Vebnet (Holdings) plc 0131-270 5500
Gerry O'Neill (Chief Executive Officer)
Stephen Thurlow (Chief Financial Officer)
Seymour Pierce Limited
Jonathan Wright 020-7107 8000
Bankside Consultants Limited
Charles Ponsonby 0207-444 4166
This information is provided by RNS
The company news service from the London Stock Exchange
END
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