Grant of Options
12 7월 2010 - 3:00PM
UK Regulatory
TIDMCBAY
RNS Number : 1763P
CBaySystems Holdings Ltd.
12 July 2010
?NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION.
+------------------------------------+--------------------------------+
| | |
| For immediate release | July 12, 2010 |
+------------------------------------+--------------------------------+
CBaySystems Holdings Ltd.
("CBaySystems" or the "Company")
GRANT OF OPTIONS
CBaySystems Holdings (AIM: CBAY), a leading provider of technology-enabled
clinical documentation and related healthcare revenue cycle solutions, announces
that Dinesh Kumar and Suresh Nair have been appointed as Co-Managing Directors
of one of the Company's subsidiaries, CBay Systems (India) Private Limited, with
effect from July 1, 2010 (the "Appointments"), reporting to Raman Kumar,
CBaySystems' Vice Chairman and CEO.
The Company also announces that, on July 9, 2010, the Company granted 200,000
options each to Dinesh Kumar and Suresh Nair, with an exercise price of 135p, in
relation to the Appointments. In addition, Dinesh Kumar was granted a further
50,000 options, also with an exercise price of 135p, which relate to his
employment at the Company prior to the Appointments. All 450,000 options (the
"Options") were granted under the Company's 2007 equity incentive plan and are
to vest as follows:
· 1/3 of the Options will vest on the first anniversary of the date of the
grant; and
· the remaining Options will vest semi-annually thereafter, in equal
installments of 1/6 of the Options granted.
Enquiries:
+----------------------------------+---------------------------+
| | |
| CBaySystems Holdings | |
+----------------------------------+---------------------------+
| Raman Kumar, Vice Chairman and | Tel: +91 22 6641 7575 |
| CEO | |
| Clyde Swoger, Chief Financial | |
| Officer | |
| ir@cbaysystems.com | |
| | |
| | |
+----------------------------------+---------------------------+
| Strand Hanson Limited - | Tel: +44 (0) 20 7409 3494 |
| Nominated Adviser | |
| Rory Murphy / Liam Buswell | |
| | |
| | |
+----------------------------------+---------------------------+
| Buchanan Communications | Tel: +44 (0) 20 7466 5000 |
| Mark Court / Suzanne Brocks | |
| markc@buchanan.uk.com / | |
| suzanneb@buchanan.uk.com | |
+----------------------------------+---------------------------+
About CBaySystems Holdings
CBaySystems, together with its subsidiaries and equity investees, is a leading
provider of technology-enabled medical transcription services and related
revenue cycle solutions. The Company partners with healthcare providers to
deliver outsourced transcription solutions designed to improve the quality and
timeliness of clinical data and information, reduce operational costs, increase
physician satisfaction, and enhance revenue cycle performance. The Company
serves more than 2,400 health systems, hospitals, and physician groups in the
U.S. CBaySystems is composed of a portfolio of businesses, including CBay
Systems & Services Inc, CBay Systems (India) Private Ltd, Mirrus Systems Inc.
and a majority shareholding of approximately 69.5 per cent. in MedQuist Inc.
CBaySystems trades under the CBAY symbol on the AIM market of the London Stock
Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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