Douglasbay Capital Plc Unapproved Share Option Scheme
This notification is made in accordance with Rule 17 of the AIM Rules.
On 8 February 2010, the Remuneration Committee of DouglasBay Capital Plc (AIM: DBAY.LN) adopted the DouglasBay Capital Plc Unapproved Share Option Scheme (the "Scheme") and on 8 May 2010 granted the following share options over ordinary shares in the company, in accordance with the rules of the Scheme:
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Name and Position:
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DBAY share options
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Total number of DBAY shares under option
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Geoff Bicknell
Chief Financial Officer
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21,348,128
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21,348,128
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Saki Riffner
Employee
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14,232,086
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14,232,086
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The total number of shares under option following the grant of the share options is 35,580,214 shares, equivalent to 2.5% of the existing issued share capital of the company.
The exercise price of each option is 10 pence per share, which is at a 3.4% premium to the average mid-market price on Friday 8 May 2010.
Subject to any earlier lapse of the options pursuant to the rules of the Scheme and the terms of the options, the options will lapse at the latest on the tenth anniversary of the date on which the options were granted.
For additional information, please contact:
DouglasBay Capital plc
01624 690 900
Alex Paiusco, Chief Executive
KBC Peel Hunt Ltd, Nominated Adviser and Broker
020 7418 8900
Guy Wiehahn or Oliver Stratton