Released: 07/05/2008
RNS Number:8851T
Spiritel PLC
07 May 2008
For immediate release 7 May 2008
SPIRITEL PLC
("Spiritel" or "the Company")
Grant of Options
Spiritel plc (AIM: STP), the business communications services provider,
announces the following award of options over the Company's ordinary shares of
1p each.
+--------------+--------+-----------+--------+-----------+---------+----------+
| Name |Position| Number of |Exercise| Total | Total |Percentage|
| | | options | price | number of |number of|of issued |
| | | awarded | per | options |ordinary | ordinary |
| | | | share | held | shares | share |
| | | | | | held | capital |
+--------------+--------+-----------+--------+-----------+---------+----------+
|Lord St John |Chairman|4,000,000 | 1.25p |4,000,000 |823,333 | 0.3 |
|of Bletso | | | | | | |
+--------------+--------+-----------+--------+-----------+---------+----------+
|Steven Maine |Deputy |4,000,000 | 1.25p |4,000,000 | Nil | Nil |
| |Chairman| | | | | |
+--------------+--------+-----------+--------+-----------+---------+----------+
In conjunction with this award Lord St John of Bletso and Steven Maine have
agreed to the simultaneous cancellation of all of their existing options over
the Company's ordinary shares of 1p each.
The grants are being made under the Spiritel Plc Share Option Scheme. The
options will vest as to 50 per cent of the granted amounts on the first
anniversary of the date of grant and as to the remainder on the second
anniversary of the date of grant.
Following this grant, the total number of options and warrants in issue is
87,257,491, representing 27.6 per cent of the issued ordinary share capital of
316,233,646.
For further information:
Spiritel plc 020 7160 0100
Alastair Mills, Chief Executive
Daniel Stewart & Co 020 7776 6550
Simon Leathers
Tavistock Communications 020 7920 3150
Simon Hudson / Clemmie Carr
Notes for Editors:
About Spiritel plc
Spiritel is a fully integrated business communications group which enables its
customers to take advantage of the opportunities created by rapidly changing
telecoms markets as the migration to Internet Protocol (IP) based services
accelerates. The Group is a consolidator of the highly fragmented UK telecoms
reseller market and is building a substantial customer base and scale through
selective acquisitions. We are organised into two divisions, Spiritel
Technologies - focused on networking and IP products and services - and Spiritel
Business, which provides services directly to our Business customers.
Spiritel offers fixed and mobile voice and data communications solutions
including Voice over IP (VoIP), data networking, telephone systems and ISP
services to a rapidly expanding customer base. We are a leader in the provision
of new, but proven, Voice over IP (VoIP) solutions that are firmly based on the
old-fashioned service values which run throughout the Group.
For further information please visit www.spiritelplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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