In the exercise window ending on 15 March 2010, under the rules of Unibet’s option schemes for senior executives, 25,695 share options granted in 2007 were exercised. All of these share options were exercised using SDRs from Unibet’s Share buy back programme initiated in 2007. In connection with this exercise, Unibet has received GBP 322,530.84, which has, in full, been taken to equity. Performance conditions related to 169,725 of the share options granted in 2009 were only partially achieved. The Board has therefore decided to cancel 84,860 of these options. In addition the Board has decided to cancel 28,758 options granted before 2009 in accordance with the scheme rules. Unibet’s Board of Directors has also granted new options over 60,210 shares to senior management and key employees, in accordance with the approval granted at the AGM on 13 May 2009. Total number of outstanding options today is 534,390. If all options are exercised the share capital of the company will increase with GBP 2,672 by the issue of a total maximum of 534,390 ordinary shares, corresponding to 1.89 per cent of the share capital after dilution.
Exercise and granting of options in Unibet Group plc
Mon, 22 Mar, 2010 19:30 CET