Snacktime PLC Grant of Options (1337N)

TIDMSNAK

RNS Number : 1337N

Snacktime PLC

25 September 2012

SnackTime plc

(the "Company")

Grant of Options

SnackTime plc announces that Tim James, its Chief Financial Officer, has been granted options over a maximum of 500,000 ordinary shares of 2p each in the Company at an exercise price of 26p per share.

The options have vesting conditions, such that a review is carried out annually on 24 September in each year starting in 2013 and ending in 2015. 100,000 options will vest for each increase of 10p in the Company's share price above 26p as derived from the London Stock Exchange Daily Official List. The options are exercisable from 24 September 2015 until 24 September 2022.

By way of illustration, for the maximum 500,000 options to vest, the Company's share price needs to be 76p or above on any of the review dates and if the share price is not 76p or higher by 24 September 2015, the unearned options will lapse.

Enquiries:

 
 SnackTime plc                       0118 977 3344 
 Jeremy Hamer, Executive Chairman 
 
 Westhouse Securities                020 7601 6100 
 Tom Griffiths

This information is provided by RNS

The company news service from the London Stock Exchange

END

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