CMCP Content Media

TIDMCMCP

RNS Number : 4941P

Content Media Corporation PLC

04 October 2011

4 October 2011

Content Media Corporation PLC

("Content" or the "Company")

-- Cancellation of Options and Issue of New Options

Content Media Corporation Plc announces that certain of the Share Options belonging to John Schmidt and Geoff Webb, two of the Company's directors, have been cancelled and new Share Options have been issued.

On 29 September 2011, 2,000,000 Share Options with an exercise price of 12.75p which were granted to John Schmidt in 2006 under the 2004 US Incentive Stock Options Sub - Plan were cancelled and 2,000,000 new Share Options with an expected exercise price of 1p were granted in their place. The 1p exercise price reflects Content's average mid - market share price of the 3 days prior to 29 September 2011, such price being subject to approval by the Inland Revenue which is expected to occur shortly.

Also on 29 September 2011, 1,000,000 Share Options with an exercise price of 12.75p which were granted to Geoff Webb in 2006 under the 2004 Approved and Unapproved Share Option Plans were cancelled and 1,000,000 new Share Options with an expected price of 1p were granted in their place. The 1p exercise price reflects Content's average mid - market share price of the 3 days prior to 28 September 2011, such price being subject to approval by the Inland Revenue which is expected to occur shortly.

All of the above new options have the same vesting criteria and exercise conditions as the options granted in 2006. Subject to the discretion of the Remuneration Committee, they vest over a three year period in three equal tranches based upon a share price performance target established by the Remuneration Committee. They may not ordinarily be exercised until the third anniversary of the date of grant (subject to certain circumstances laid out in the plan including death and a change in control of the Company) and cannot be exercised after10 years from the date of grant.

- Ends -

Enquiries:

 
 John Schmidt/Geoff Webb         www.contentfilm.com 
 Content Media Corporation PLC   Tel: 
                                  020 7851 6500 
 
 
 Robert Emmet 
 Throgmorton Street Capital   Tel: 020 7070 0973 
 
 
 Philip Secrett/Colin Aaronson/David 
  Hignell 
 Grant Thornton Corporate Finance      Tel: 020 7383 5100 
 

Content Media Corporation plc ("Content", formerly ContentFilm plc), is a publicly traded, global entertainment media company based in London with offices in Los Angeles, New York and Toronto, which owns and distributes a significant library of film, television and digital assets. Content Film, the film sales division, holds the rights to 200 titles and helps producers secure financing, marketing and distribution. The division also acquires top-tier documentaries. Content Television is the television sales division, which holds the library rights to 3,200 hours of TV programming and 300 hours of digital content. Content Digital licenses new and existing properties to digital media platforms worldwide, including on-demand, broadband and mobile. In addition, Content owns a significant stake in the following companies:

-- Phase 4 Films, a film and home video distributor in the United States and Canada, headquartered in Toronto and run by CEO, Berry Meyerowitz

-- Collins Avenue, a television production company based in Los Angeles and run by producer, Jeff Collins. Recent credits include "Fly Girls" on the CW network, and current productions include "Stuffed" for Animal Planet, "Dance Moms" for Lifetime and "Extreme Kids Parties" for TLC.

-- Spirit Digital Media, a digital studio established by Peter Cowley, former MD of Endemol UK Digital.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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