Grant of share options
January 31 2011 - 7:19AM
UK Regulatory
TIDMIFM
Intandem Films plc
(AIM: IFM)
("Intandem" or the "Company")
Grant of Share Options
Intandem Films Plc, the London based international film group, announces that
on 28 January 2011, it issued options over 9,250,000 ordinary shares in the
Company to directors and certain staff at an exercise price of 6 pence per
share being a premium of 9.09% on the closing price of 5.5p on 28 January 2011.
The options are exercisable between three and ten years from the date of grant.
The options granted are subject to certain performance criteria having been
achieved, specifically operating and pre-tax profits must exceed GBP500,000 by
the year ending 30 June 2014.
The options, which represent in aggregate 7.9% of the existing share capital of
the Company, have been issued to the directors and employees as follows:
Directors number of
Ordinary Share
Options
Gary Smith 3,000,000
Andrew Brown 2,000,000
Billy Hurman 2,000,000
John James 500,000
Employees
Rinkle Shah 750,000
Segilola Scott 500,000
Svetlana Cunnington 500,000
--ENDS--
Intandem Films plc Tel: 020 7851 3800
Gary Smith, Chief Executive
Northland Capital Partners limited Tel: 020 7492 4750
(Nominated Adviser)
Luke Cairns/Rod Venables
Rivington Street Corporate Finance Tel: 020 7562 3351
Broker, Jon Levinson
Financial PR
Bishopsgate Communications Tel: 020 7652 3350
Duncan McCormick/Deepali Schneider/Natalie Quinn
intandem@bishopsgatecommunications.com
About Intandem Films Plc
Intandem Films plc (www.intandemfilms.com) is a London based international film
company. It specialises in raising finance for commercial feature films and
selling them to distributors around the world. The Company earns fees for
arranging the financing for the films' production and generates commission on
all sales secured.
Intandem closely manages the risk associated with raising finance for
commercial feature films and does not invest in films from its own resources.
Its highest profile film to date was 'How To Lose Friends and Alienate People'
starring Simon Pegg, Jeff Bridges and Megan Fox - for which Intandem raised the
finance and sold the film to distributors such as Paramount, Warners and MGM.
Intandem is working on the financing for a slate of over 15 films with total
budgets in excess of GBP100million for 2011 and expects to make further
announcements on its film slate shortly.
END
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