Further to the adoption of the 2012 Option Scheme, announced 13 August 2012, which allows incentive options to be issued to qualifying US-based employees, the Company has today granted in aggregate 14,749,870 options to certain Directors at an exercise price 6.3 pence per Ordinary Share (being the volume weighted average of the closing share price for the month up to and including 12 February 2013) and 2,750,130 options at an exercise price of 6.9 pence per Ordinary Share (110% of the volume weighted average). The Directors that have been awarded the options are as follows:
| Director |
Number of Options Awarded |
Exercise price per Ordinary Share |
|||
|---|---|---|---|---|---|
| Fred Krueger | 2,750,130 | 6.9p | |||
| 2,249,870 | 6.3p | ||||
|
Antony Van Couvering |
12,500,0000 | 6.3p |
In aggregate the 17,500,000 options granted to the Directors represent approximately 3.4 per cent of the current issued share capital of the Company. In respect of the awards to Fred Krueger and Antony Van Couvering, 2,249,870 options and 9,474,857 options respectively vest with immediate effect. The balance will vest in one-twelfth increments over the next four years. In addition a further 2,350,000 options at an exercise price of 6.3p have been awarded to employees which will similarly vest in one-twelfth increments over the next three years.
Following the grant of the new options to directors and employees, there are in aggregate a total of 41,988,847 outstanding options held by directors and employees representing approximately 7.8 per cent of the Company’s issued share capital.
For further information, please contact:
Top Level Domain Holdings Limited
North America
Antony Van Couvering
Tel: +1 917 406 7126
Beaumont Cornish Limited (Nomad)
Roland Cornish
Michael Cornish
Tel +44 (0) 20 7628 3396
Singer Capital Markets (Broker)
Dominic Del Mar
Tel +44 (0) 20 3205 7500
gth media relations
Toby Hall/Suzanne Johnson Walsh
Tel: +44 (0) 20 3103 3903/2
About Top Level Domain Holdings Limited
Top Level Domain Holdings is a publicly-traded holding company listed on the London AIM market. The company is focused on the new top-level domain space. Top-level domains, such as .com, run by VeriSign (NASDAQ: VRSN), and .biz, run by NeuStar (NYSE: NSR), are regulated by ICANN. ICANN has announced plans to expand the number of top-level domains. TLDH intends to make targeted investments in this space, focusing on both infrastructure technologies and specific top-level domains.
About Minds + Machines
Minds + Machines is a registry services provider that works internationally with commercial organisations, cities, not-for-profits, and entrepreneurs to secure and operate new web domains, known as top-level domains (TLDs). Minds and Machines Limited is a wholly owned subsidiary of Top Level Domains Holdings Limited.