14 June 2007
Grant of Options and Directors' Interests
Adwalker, the AIM listed specialist in wearable media solutions, announces that it has granted, in aggregate, options over 6,500,000 ordinary shares in the capital of the Company at 3.38 pence per share (Euro0.05) to executive and non-executive directors of the Company. The options will vest in five equal tranches in the event that, for 3 consecutive trading days, the Company's share price is greater than or equal to 8 pence, 10 pence, 12 pence, 14 pence and 16 pence. The options are required to be exercised by no later than 13 June 2014.
The details of the grant and the resultant number of options held by each of the directors are as follows:
Simon Crisp, Chief Executive Officer
Number of options Exercise price (Euro) Option Period
2,000,000 0.05 Until 13 June 2014
500,000 0.135 Until 3 August 2012
500,000 0.135 Until 3 August 2013
500,000 0.135 Until 3 August 2014
Keith Jordan, Chief Operations Officer
Number of options Exercise price (Euro) Option Period
2,000,000 0.05 Until 13 June 2014
500,000 0.135 Until 3 August 2012
500,000 0.135 Until 3 August 2013
500,000 0.135 Until 3 August 2014
Padraic O'Connor, Non-executive Chairman
Number of options Exercise price (Euro) Option Period
1,000,000 0.05 Until 13 June 2014
125,000 0.166 Until 2 August 2013
125,000 0.166 Until 2 August 2014
Nick Berry, Non-executive Director
Number of options Exercise price (Euro) Option Period
750,000 0.05 Until 13 June 2014
75,000 0.02 Until 16 February 2012
75,000 0.02 Until 16 February 2013
50,000 0.166 Until 2 August 2013
50,000 0.166 Until 2 August 2014
John Blakemore, Non-executive Director
Number of options Exercise price (Euro) Option Period
750,000 0.05 Until 13 June 2014
75,000 0.02 Until 16 February 2012
75,000 0.02 Until 16 February 2013
50,000 0.166 Until 2 August 2013
50,000 0.166 Until 2 August 2014
The Company currently has 185,633,087 Ordinary Shares in issue.
| Enquiries: | |
| Adwalker plc. Simon Crisp |
Tel: +353 (1) 866 9000 |
| Bishopsgate Communications Ltd. Dominic Barretto |
www.bishopsgatecommunications.com Tel: 020 7562 3350 Dominic Barretto Mobile: 07930 450 156 Sophie Davis Mobile: 07960 830 635 |
| John East & Partners Ltd. Simon Clements David Worlidge |
www.johneastpartners.com Tel: 020 7628 2200 |
