TNG Tangent

 

TIDMTNG 
 
RNS Number : 8260V 
Tangent Communications PLC 
08 November 2010 
 

                          Tangent Communications plc 
                          ("Tangent" or the "Company") 
 
                                Grant of options 
 
Tangent Communications plc, a leading provider of Intelligent Marketing and 
Technology, announces that today it made conditional awards to its executive 
directors under a Long Term Incentive Plan ("LTIP") in accordance with the 
principles set out in the Remuneration Report contained within Tangent's last 
Annual Report. 
 
The LTIP operates through Tangent's unapproved options scheme by granting 
options where possible, or where regulatory restrictions apply to individual 
directors, by awarding phantom options that give an equivalent cash bonus, which 
is not directly convertible into shares. 
 
Today Kevin Cameron was granted options over 655,234 ordinary shares. The 
options have an exercise price of 1 pence per ordinary share and will vest 
equally over three years from 1st March 2010, conditional upon Tangent 
generating a minimum total shareholder return of 10% per annum above the total 
shareholder return of the AIM Index excluding certain unrelated sectors. Partial 
vesting is conditional upon Tangent generating a minimum total shareholder 
return in excess of the total shareholder return of the AIM Index excluding 
certain unrelated sectors. 
 
Nicholas Green and Timothy Green were each awarded 1,018,491 phantom options. 
The phantom options will vest equally over three years from 1 March 2010, 
conditional upon Tangent generating a minimum total shareholder return of 10% 
per annum above the total shareholder return of the AIM Index excluding certain 
unrelated sectors. Partial vesting is conditional upon Tangent generating a 
minimum total shareholder return in excess of the total shareholder return of 
the AIM Index excluding certain unrelated sectors. 
 
For further information please contact 
 
+------------------------------------+------------------------------+ 
| Tangent Communications plc         |                              | 
+------------------------------------+------------------------------+ 
| Timothy Green                      | 020 7462 6100                | 
+------------------------------------+------------------------------+ 
|                                    |                              | 
+------------------------------------+------------------------------+ 
| Collins Stewart                    |                              | 
+------------------------------------+------------------------------+ 
| Adrian Hadden/Stewart Wallace      | 020 7523 8350                | 
+------------------------------------+------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSFSAFWAFSSEEF 
 

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