| Director’s Share Options |
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FFastFill, the leading provider of Software as a Service ('SaaS') solutions to the global derivatives community, announces today that the following Share Options have been granted to the Executive Directors under the FFastFill 2003 Share Option Scheme (“the Scheme”) over 1p ordinary shares in the Company (“the Options”).
Half of the Options have an exercise price of 1p and shall vest thirty months following the grant date subject to continued employment.
Pursuant to an amendment to the Scheme, half of the options granted are subject to continued employment and adjusted Earnings Per Share (“adjusted EPS”) performance criteria which is measured over a period of three years commencing from the beginning of the financial year in which the option is granted. If the adjusted EPS performance criteria is met after each financial year then the Options will vest in three equal tranches after six months, eighteen months and thirty months following the grant date. If the adjusted EPS performance criteria is met at the end of financial year three, previously unvested tranches will also vest.
Following the grant of the Options, the Executive Directors have the following outstanding options. Those marked with * comprise the options granted above:
For further information please contact:
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