UBI Ubisense

TIDMUBI

RNS Number : 3967I

Ubisense Group PLC

29 May 2014

29 May 2014

Ubisense Group Plc

("Ubisense" or "the Company")

Grant of Options

Ubisense Group plc (AIM: UBI) announces that on 23 May 2014 the Board approved the grant of 447,500 options over ordinary shares of 2 pence each in the Company ("Ordinary Shares") to certain directors and key employees of the Company ("Share Options").

The Share Options granted to directors were as follows:

 
Director         Share Options  Exercise price 
                                 (p) 
 Richard Green    75,000         225.0 
  Robert Parker    60,000         225.0 
 

The Share Options are to subscribe for new ordinary shares in the Company at an exercise price of 225.0 pence per new ordinary share, being the closing price of the Ordinary Shares on 22 May 2014.

For the directors and other senior managers participating in the long-term incentive plan ("LTIP"), one third of the Share Options will vest on the first anniversary of the date of grant with the balance vesting in equal tranches on the second and third anniversaries subject to meeting performance criteria set out in the LTIP. The Share Options will be fully vested on the third anniversary of the date of grant if the performance criteria are met. The Share Options granted to other employees are not subject to performance criteria and vest fully on the third anniversary of the date of grant. All of the Share Options expire on 23 May 2024.

Following the grant of Share Options, the beneficial and other interests of Richard Green and Robert Parker and their respective families in the shares of the Company are:

 
                Ordinary   % of Issued     Options Over      % of Issued 
                 Shares     Share Capital   Ordinary Shares   Share Capital 
 
Richard Green   1,619,289  6.47%           296,278           1.18% 
Robert Parker   -          -               60,000            0.24% 
 

The share capital of the Company comprises 25,018,652 Ordinary Shares with voting rights. There are a total of 2,459,347 options over Ordinary Shares.

The Company does not hold any Ordinary Shares in Treasury. Therefore the above figure of 25,018,652 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.

For further information, see the Company's website www.ubisense.net or contact one of the following:

Ends

 
Contact:                                       Tel: +44 (0) 1223 
 Ubisense Group                                 535 170 
 Richard Green 
 Robert Parker 
Canaccord Genuity Limited (NOMAD and Broker)   Tel: +44 (0) 207 
                                                523 8000 
Simon Bridges 
Lucy Tilley 
 
FTI Consulting                                 Tel: +44 (0) 20 3727 
                                                1000 
Jon Snowball 
Tracey Bowditch 
 

About Ubisense

Ubisense is a market leader in real time location intelligence solutions which enable companies to optimise their business processes. By keeping track of key assets, Ubisense solutions bring clarity to complex operations whilst also improving quality and reliability. Ubisense Real-Time Location Intelligence Solutions are used by a number of blue chip customers across the world, such as AGCO, Airbus, Aston Martin, BMW, Cablevision, Daimler, Deutsche Telekom, Duke Energy, John Deere, MINI and VW.

Ubisense is headquartered in Cambridge, UK, with offices in the USA; Canada; France; Germany; Japan; South Korea; the Philippines and Singapore. For more information visit: http://www.ubisense.net

This information is provided by RNS

The company news service from the London Stock Exchange

END

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