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Grant of Option

20091222 07:00:22

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RNS Number : 5152E
Nasstar PLC
22 December 2009
 




22 December 2009




Nasstar plc


("Nasstar" or the "Company")




Grant of options




Nasstar plc, the hosted desktop cloud computing provider, announces that its Remuneration Committee has authorised the award of options under the Nasstar plc Share Option Scheme. Options over a total of 700,000 ordinary shares have been granted, representing 2.19% of the current issued share capital of the Company. Of these, 200,000 options are for staff and 500,000 for directors. The options have an exercise price of 10p which is based on the closing mid-market price on 21 December 2009 and are exercisable at any time between the second and tenth anniversaries of the date the options were granted, being 22 December 2009.




The grant of options to directors and their current share options are as follows:-














































New options



Existing options



Total options



Total options as % of issued share capital





Lord Daresbury



100,000



435,000



535,000



1.68%



Charles Black



400,000



1,150,000



1,550,000



4.86%



Damion Greef



-



435,000



435,000



1.36%



Tony Eve



-



-



-



-





Existing options have exercise prices ranging from 6p to 39p per share.




For further information:-
















Nasstar plc


Charles Black, Chief Executive Officer







020 7148 5000



Allenby Capital Limited (Nominated Adviser)


Edward Hutton







020 3328 5656






This information is provided by RNS
The company news service from the London Stock Exchange
 
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Regulatory News Service

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Financial Reports

Financial reports: Latest: Interim Results for the 6 months ended 31 March 2010.
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Board of Directors

Lord Daresbury, Chairman
Charles Black, Chief Executive
Tony Eve, Finance Director
Damion Greef, Operations Director

Company documents

Admission Document, Memorandum & Articles of Association.
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Company Information

Find information required by the Companies Act 2006.
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Share Price

Current: 6.38p
Bid: 6.00p
Ask: 6.75p
Percentage change: 0.00%
Volume: 0
Last change: 16:30:03
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Share Capital

Market cap: £2.28m
Shares in issue: 35,733,224
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AIM Rule 26

The information in this section is provided to ensure compliance with AIM Rule 26.
Last updated: 26 April 2010

London Stock Exchange Information

LSE code: NASA
ISIN: BG00B0T1S097
Date shares commenced trading on AIM: 29 December 2005
FTSE AIM All-share Index: Technology
FTSE Sector: Software & Computer Services
FTSE Sub-sector: Internet
For more information click here

Traded on AIM - London Stock Exchange - Trade mark of London Stock Exchange plc