FFastFill is the leading SaaS Provider for trading and risk management serving the electronic trading community.

Director’s Share Options
Tuesday, 06 December 2011 00:00

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”).

 

Name

Number of Options Granted

T K Todd

4,000,000

H J Purdey

5,000,000

M A R Carlisle

1,500,000

 

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:

 

 

Scheme status

Exercise price

at 5 December 2011

 

Exercise period

T K Todd

EMI

£0.01

1,170,731*

 

5 June 2012 to

4 December 2021

 

Unapproved

£0.01

2,829,269*

 

5 June 2012 to

4 December 2021

 

 

 

 

 

 

H J Purdey

EMI

£0.08375

1,850,000

 

20 June 2010 to

20 June 2017

 

EMI

£0.0825

 

242,424

 

 

17 December 2012 to

17 December 2019

 

Unapproved

 

£0.0825

 

257,576

 

 

17 December 2012 to

17 December 2019

 

EMI

£0.07

 

500,000

 

 

1 April 2004 to

31 March 2013

 

EMI

£0.05

 

500,000

 

 

1 April 2004 to

1 April 2013

 

EMI

£0.04

2,000,000

 

 

21 July 2009 to

21 July 2016

 

EMI

£0.04

150,000

 

 

31 March 2005 to

30 March 2012

 

Unapproved

£0.01

5,000,000*

 

5 June 2012 to

4 December 2021

 

 

 

 

 

 

M A R Carlisle

EMI

£0.01

1,170,731*

 

5 June 2012 to

4 December 2021

 

Unapproved

£0.01

329,269*

 

5 June 2012 to

4 December 2021

 

For further information please contact:

 

FFastFill plc

+44 (0)20 3002 1900

Keith Todd CBE, Executive Chairman

 

Hamish Purdey, Chief Executive Officer

 

Mark Carlisle, Chief Financial Officer

 

 

 

Financial Dynamics

+44 (0)20 7831 3113

James Melville-Ross / Matt Dixon / Emma Appleton

 

 

 

Canaccord Genuity Limited

+44 (0)20 7050 6500

Simon Bridges

 

 

 

finnCap

+44 (0)20 7600 1658

Tom Jenkins / Charles Cunningham