Grant of Options
betinternet.com Plc, the global online gaming group, announces that the Remuneration Committee of the board, has granted options to Garry Knowles, Managing Director, and a senior employee, Simon Nicholls, Chief Operating Officer of European Wagering Services. The options have been issued under the betinternet.com 2005 Share Option Plan.
The Company has issued options over a total of 16,000,000 ordinary shares of 1p each, with an exercise price of 5p per ordinary share.
Details of the grant of options are as follows:
|Name||Number of share options granted||Date of grant||Exercise period|
|Garry Knowles||9,000,000||30 March 2006||30 March 2009 to 30 March 2016|
|Simon Nicholls||7,000,000||30 March 2006||30 March 2009 to 30 March 2016|
In addition, Garry Knowles is interested in share options over 1,500,000 ordinary shares of 1p each granted on 18 March 2005 under the betinternet.com 2005 Share Option Plan with an exercise price of 10.4p per share exercisable between 18 March 2008 and 18 March 2015.