TIDMFFA

RNS Number : 3980T

FFastFill PLC

06 December 2011

06 December 2011

FFastFill plc

("FFastFill" or "the Company")

Director's Share Options

FFastFill, the leading provider of Software as a Service ('SaaS') solutions to the global derivatives community, announces today that the following Share Options have been granted to the Executive Directors under the FFastFill 2003 Share Option Scheme ("the Scheme") over 1p ordinary shares in the Company ("the Options").

 
 Name              Number of Options Granted 
 T K Todd          4,000,000 
 H J Purdey        5,000,000 
 M A R Carlisle    1,500,000 
 

Half of the Options have an exercise price of 1p and shall vest thirty months following the grant date subject to continued employment.

Pursuant to an amendment to the Scheme, half of the options granted are subject to continued employment and adjusted Earnings Per Share ("adjusted EPS") performance criteria which is measured over a period of three years commencing from the beginning of the financial year in which the option is granted. If the adjusted EPS performance criteria is met after each financial year then the Options will vest in three equal tranches after six months, eighteen months and thirty months following the grant date. If the adjusted EPS performance criteria is met at the end of financial year three, previously unvested tranches will also vest.

Following the grant of the Options, the Executive Directors have the following outstanding options. Those marked with * comprise the options granted above:

 
                Scheme status  Exercise price  at 5 December  Exercise period 
                                                        2011 
T K Todd                  EMI         GBP0.01     1,170,731*  5 June 2012 to 
                                                               4 December 2021 
                   Unapproved         GBP0.01     2,829,269*  5 June 2012 to 
                                                               4 December 2021 
 
H J Purdey                EMI      GBP0.08375      1,850,000  20 June 2010 to 
                                                               20 June 2017 
                          EMI       GBP0.0825        242,424  17 December 2012 
                                                               to 
                                                               17 December 2019 
                   Unapproved       GBP0.0825        257,576  17 December 2012 
                                                               to 
                                                               17 December 2019 
                          EMI         GBP0.07        500,000  1 April 2004 to 
                                                               31 March 2013 
                          EMI         GBP0.05        500,000  1 April 2004 to 
                                                               1 April 2013 
                          EMI         GBP0.04      2,000,000  21 July 2009 to 
                                                               21 July 2016 
                          EMI         GBP0.04        150,000  31 March 2005 
                                                               to 
                                                               30 March 2012 
                   Unapproved         GBP0.01     5,000,000*  5 June 2012 to 
                                                               4 December 2021 
 
M A R Carlisle            EMI         GBP0.01     1,170,731*  5 June 2012 to 
                                                               4 December 2021 
                   Unapproved         GBP0.01       329,269*  5 June 2012 to 
                                                               4 December 2021 
 

For further information please contact:

 
 FFastFill plc                             +44 (0)20 3002 1900 
 Keith Todd CBE, Executive Chairman 
 Hamish Purdey, Chief Executive Officer 
 Mark Carlisle, Chief Financial Officer 
 
 FTI Consulting                            +44 (0)20 7831 3113 
 James Melville-Ross / Matt Dixon / 
  Emma Appleton 
 
 Canaccord Genuity Limited                 +44 (0)20 7050 6500 
 Simon Bridges 
 
 finnCap                                   +44 (0)20 7600 1658 
 Tom Jenkins / Charles Cunningham 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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