Grant of Share Options
January 28 2009 - 11:15AM
UK Regulatory
TIDMMES
RNS Number : 4032M
Messaging International Plc
28 January 2009
Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology
28 January 2009
Messaging International Plc ('the Company')
Grant of Share Options
Messaging International Plc, the AIM traded provider of innovative messaging
services, announces that on 28 January 2009, the Company granted to Guy Levit,
CEO, certain employees and service providers of the Company, options to
subscribe for, in aggregate, 11,000,000 ordinary shares of 0.5 pence each in the
Company at 0.5 pence per share.
Mr Levit has been granted 4,000,000 options which will vest as follows: 40% are
exercisable immediately, a second tranche of 30% to be exercisable after 30 June
2009 and a third tranche of 30% exercisable after 30 June 2010. A further
4,000,000 options out of the total 11,000,000 options granted will vest on the
same basis, being the first tranche of 40% exercisable immediately, second
tranche of 30% to be exercisable after 30 June 2009 and third tranche of 30%
exercisable after 30 June 2010. The balance of 3,000,000 options granted are
exercisable immediately.
The total number of employee options in existence following this announcement is
22,306,286 representing approximately of 9.5 per cent of the issued share
capital of the Company.
**ENDS**
For further information visit www.telemessage.com or contact:
+----------------------+---------------------------+------------------------+
| Guy Levit | Messaging International | Tel: + 972 3 9225252 |
| | Plc | |
+----------------------+---------------------------+------------------------+
| Mark Percy | Seymour Pierce Limited | Tel: +44 (0) 20 7107 |
| | | 8000 |
+----------------------+---------------------------+------------------------+
| Susie Callear | St Brides Media & Finance | Tel: +44 (0) 20 7236 |
| | Ltd | 1177 |
+----------------------+---------------------------+------------------------+
About Messaging International Plc
Messaging International Plc joined AIM in August 2005 with the objective of
becoming a leading provider in the rapidly growing multimedia messaging market.
Its 100% owned subsidiary, TeleMessage Ltd (www.telemessage.com), provides
cross-platform media messaging management systems and applications. These are
designed to enable PC, browser, mobile phone and wireline telephone users to
send, receive and manage voice messages, email, SMS, IM and MMS across various
media platforms. It supports multiple languages, text to speech conversion,
e-mail notification, unlimited SMS length, and direct reply to SMS capabilities,
all illustrating the uniqueness of the service. The Company has a number of
contracts with major blue chip companies including Rogers Wireless, the largest
wireless provider in Canada, and Sprint, one of the largest wireless providers
in the US.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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