Vitesse Media PLC Award of Options and Correction (1460T)

TIDMVIS

RNS Number : 1460T

Vitesse Media PLC

01 October 2014

Vitesse Media Plc (the "Company")

Award of Options and Correction

Award of Options

The board of Vitesse Media plc, the digital, research, events and crowd funding business, yesterday agreed to award the following share options at an exercise price of 3.75p per share, the closing price of the Company's shares on 29 September 14:

 
                     Share options   Vesting date   Option Scheme 
 Nicola Baker, CEO      500,000      30 September    Unapproved 
                                         2015

The share options expire on 30 September 2024.

Correction - Award of Options (RNS Number: 8004D), released on 2 April 2014

The following amendments have been made to the Award of Options announcement released at 7.00am on 2 April 2014 by the Company.

Share options offered to Sara Williams and Dave Smith were awarded under the unapproved share option scheme and not under the Enterprise Management Incentive ("EMI") share option scheme as announced and their share options were also able to vest immediately.

All other details remain unchanged. The full amended text is shown below:

Vitesse Media Plc (the "Company")

Award of Options

The board of Vitesse Media plc, the digital, research, events and crowd funding business, has today agreed to award the following share options at a strike price of 4.63p per share, the closing price of the Company's shares on 1 April 14:

 
                              Share options   Vesting date   Option Scheme 
 Niki Baker, CEO                 100,000      2 April 2017        EMI 
 Jonathan Sumner, Executive      100,000      2 April 2017        EMI 
  Director 
 Sara Williams, Executive        100,000      Immediately     Unapproved 
  Chairman 
 Dave Smith, Executive           50,000       Immediately     Unapproved 
  Deputy Chairman

The share options expire on 2 April 2024.

For further information please contact:

 
 Vitesse Media Plc 
  Sara Williams, Executive Chairman 
  Niki Baker, Chief Executive            020 7250 7010 
 Westhouse Securities Limited 
  Martin Davison 
  David Coaten                           020 7601 6100 
 Kreab Gavin Anderson 
  Robert Speed                           020 7074 1800

This information is provided by RNS

The company news service from the London Stock Exchange

END

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