Grant of options (9960I)

TIDMTNG

RNS Number : 9960I

Tangent Communications PLC

23 June 2011

Tangent Communications PLC

("Tangent" or the "Company")

23 June 2011

Grant of options under the Long Term Incentive Plan

Tangent 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 777,000 ordinary shares. The options have an exercise price of 1 pence per ordinary share and will vest equally over three years from 1 March 2011, conditional upon Tangent's share price increasing by 10% per annum from 1 March 2011 to 28 February 2014.

Timothy Green and Nicholas Green were each awarded 1,350,000 phantom options. The phantom options will vest equally over three years from 1 March 2011, conditional upon Tangent's share price increasing by 10% per annum from 1 March 2011 to 28 February 2014.

For further information, please contact:

 
 Tangent Communications 
  plc 
  Timothy Green             020 7462 6100 
-------------------------  -------------- 
 Collins Stewart Europe 
  Ltd 
  Adrian Hadden / Ileana 
  Antypas                   020 7523 8350 
-------------------------  --------------

About the Company: Tangent, a leading integrator of technology and marketing strategy, with industry leading digital print facilities. The Company employs 230 people across four locations in London, Newcastle, Cheltenham and Melbourne and is traded on AIM (AIM: TNG). For more information please visit www.tangentplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSEDFSDFFSEIM

Tangent Communications (LSE:TNG)
Historical Stock Chart
From Jun 2024 to Jul 2024