ob:
Following the intention previously communicated in
the stock notice of the 26 May 2016 and pursuant to
the mandate granted by Funcom N.V.s General Meeting
of Shareholders on 30 June 2016, the Supervisory Board
of Funcom N.V. has granted 5,001,000 options to
employees of the Company to acquire shares in Funcom
N.V.
The exercise price for the options will be NOK 1.0928,
corresponding to the volume-weighted average price of
the shares in the Company in the five trading days
following the announcement of the Private Placement on
26 May 2016.
Of the total number of options granted, one-third (1/3)
will be vested one year (12 months) from the date when
the grant of the options was made (i.e.: on 30 June
2017). The remaining two-thirds (2/3) of the options
will be vested on a pro-rata monthly basis - 1/24 of
the 2/3 for each month that expires - over the course
of the next two years (24 months) that commences
immediately upon the expiry of the first year (12
months) following the date when the grant of
the options was made (i.e.: on 30 June 2017). All
(remaining) options will expire five years after the
date of the grant of the options. The exercise of these
options is subject to the Standard Terms for employees
under the Share Incentive Program of Funcom N.V.
The options to acquire shares in Funcom N.V. have been
allocated to primary insiders as follows:
Mr. Erling Ellingsen, 225,000 options. Number of stock
options after the grant is 494,443 and number of
shares held is 0.
Mr. Lawrence Poe, 225,000 options. Number of stock
options after the grant is 495,419 and number of
shares held is 0.
Mr. Carl Scott Junior, 180,000 options. Number of
stock options after the grant is 416,664 and number of
shares held is 0.
Mr. Ole Hamran Schreiner , 165,000 options. Number of
stock options after the grant is 1,065,000 and number
of shares held is 70,017.
Mr. Fredrick Charles Henry Richardson, 150,000
options. Number of stock options after the grant is
221,000 and number of shares held is 0.
Mr. Joel Bylos, 150,000 options. Number of stock
options after the grant is 348,331 and number of
shares held is 500.
Mr. Christian Olsthoorn, 150,000 options. Number of
stock options after the grant is 150,000 and number of
shares held is 0.
Mr. Espen Bakken, 102,000 options. Number of stock
options after the grant is 321,169 and number of shares
held is 0.
Mr. Jamie Chen, 72,000 options. Number of stock
options after the grant is 88,000 and number of shares
held is 0.
Mrs. Terri Perkins, 72,000 options. Number of stock
options after the grant is 217,667 and number of shares
held is 0.
Mr. Hongxing Guo, 72,000 options. Number of stock
options after the grant is 92,000 and number of shares
held is 0.
Mr. Joshua Mills, 51,000 options. Number of stock
options after the grant is 51,000 and number of shares
held is 0.
Mrs. Zashia Guerra, 51,000 options. Number of stock
options after the grant is 51,000 and number of shares
held is 0.
Mr. Tor Egil Andersen, 21,000 options. Number of stock
options after the grant is 67,000 and number of shares
held is 0.
Other employees have been allocated 3,315,000 options
to acquire shares in Funcom N.V.
Badhoevedorp, The Netherlands, 4 July 2016
Funcom N.V.
This information is subject to the disclosure
requirements acc. to § 5-12 vphl (Norwegian Securities
Trading Act).
Source Url: http://www.newsweb.no/index.jsp?messageId=405408
