13th January 2015
CloudTag (CTAG:LN), which develops personal performance monitoring for the professional sports and consumer well being markets, announces that it has granted a total of 10,700,000 options and warrants over new ordinary shares to certain Directors and employees, as set out in the table below:
|
|
Options or warrants? |
Number |
Exercise Prices* |
|
Andy Jackson |
Options |
5,000,000 |
6p, 8p, 10p, 12p |
|
Tony Reeves |
Warrants |
1,000,000 |
6p, 8p, 10p, 12p |
|
Employees |
Options |
2,700,000 |
6p, 8p, 10p, 12p |
|
Employees |
Warrants |
2,000,000 |
6p, 8p, 10p, 12p |
|
|
|
10,700,000 |
|
* The exercise prices of all options and warrants are apportioned equally, such that 25% of each award is exercisable at each of the stated prices
Following the grant of these options and warrants, the beneficial interests in the Company’s shares of Andy Jackson, CEO, and Tony Reeves, Non-Executive Chairman, are as follows:
|
|
Number of ordinary shares held |
% of issued share capital |
Number of options / warrants held |
|
Andy Jackson |
2,013,334 |
1.21% |
5,000,000 |
|
Tony Reeves |
1,341,667 |
0.81% |
1,875,000 |
At the time of the Company’s admission to AIM in March 2013, 4,549,998 options were issued to certain Directors and employees with certain vesting conditions (as set out in the Company’s admission document dated 14 March 2013). With the exception of 500,000 options, these have now lapsed or have been surrendered. Following the grant of the options and warrants set out above, there will be options outstanding over, in aggregate, 8,200,000 ordinary shares, representing approximately 4.94 per cent. of the Company’s issued share capital, and warrants outstanding over, in aggregate, 9,250,000 ordinary shares, representing approximately 5.58 per cent. of the Company’s issued share capital.
| Cloudtag Inc. Amit Ben-Haim | +1 345 949 45 44 contact@cloudtag.com |
| UK Investor Relations. | +44 (0) 20 7052 8469 investors@cloudtag.com |