2 August 2017
Uvenco UK plc
Grant of Options
Uvenco UK plc ("Uvenco", the "Company" or the "Group") announcesthat on 2 August 2017 an aggregate of 5 million options over new ordinary shares of 2p each in the Company, at an exercise price of 12 pence per share("Options"), were granted as set out below.
Sergei Kornienko, Chief Executive, has been granted 3 million Options which will be exercisable between the third and tenth year of grant and will vest as to 1 million immediately; a further 1 million if the Company's audited EBITDA for the year ended 31 December 2017 exceeds £500k; and the remaining 1 million if the Company's audited EBITDA for the year ended 31 December 2018 exceeds £600k.
In addition, each of Peter Goodman (PDMR, Chief Financial Officer) and Steve Cunliffe (Operations Manager) have been granted 1 million Options which will be exercisable between the third and tenth year of grant and will vest as to 0.5 million each if the Company's audited EBITDA for the year ended 31 December 2017 exceeds £500k; and the remaining 0.5 million each if the Company's audited EBITDA for the year ended 31 December 2018 exceeds £600k.
Enquiries
Uvenco UK plc Tel: 020 8879 8300Sergei Kornienko, CEO
Peter Goodman, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths / Richard Johnson
Uvenco UK plc published this content on 02 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 August 2017 13:06:18 UTC.
Original documenthttp://uvenco.co.uk/images/documents/ir/rns/2016_2017/august/draft Options 282Aug29.docx
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