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Minds + Machines Grants 36,950,000 Shares in New Options; Closing in on Billion Share
#1
WESDAY, 25 March 2015 THE DOMAINS

According to the news from Domain Forum of China on March 25th,Minds + Machines Group Limited (AIM:MMX), has today agreed to award in aggregate 36,950,000 new options over ordinary shares to directors and officers of the Company.

The option grants are issued under the Company’s Amended 2012 Stock Plan.

The options have an exercise price of 8.49 pence per Ordinary Share, being the higher of the 30 day volume weighted average on the date immediately prior to the recommendation of the remuneration committee and the date of formal grant by the Board.

The closing Ordinary Share price as at 23 March 2015 was 8.25 pence.

The award represents 4.4 per cent of the current issued share capital of 835,969,485

Ordinary Shares. Options granted to directors of the Company are as follows:


Director

Number of new options over Ordinary Shares

Option exercise price per Ordinary Share





Vested options







Expiry date


Fred Krueger

2,130,000

9.34p

355,000

12/03/2025


8,370,000

8.49p

1,395,000

12/03/2025


Antony Van Couvering

10,500,000

8.49p

1,750,000

12/03/2025


Michael Salazar

7,250,000

8.49p

1,208,333

12/03/2025


Caspar Veltheim

2,200,000

8.49p

366,667

12/03/2025


Elliot Noss

750,000

8.49p

125,000

12/03/2025


Keith Teare



750,000

8.49p

125,000

12/03/2025


Total

31,950,000

n.a.

5,325,000

n.a.
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