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Grant of Options

Landkom announces that it has today granted options to Directors and employees over a total of 9,250,000 ordinary shares of 0.001 in the Company at an exercise price of 30p per share ("Options"). The exercise price represents a premium of 15.4 per cent. over the closing Landkom share price on 29 September 2008.

Details of Options granted to Directors of the Company are set out below:

Name, Number of options granted, Total number of options held

Stephen Pickup, (Chief Financial Officer), 2,000,000 2,000,000
Richard Spinks, (Chief Executive Officer), 1,000,000 1,000,000
Konrad Nowicki, (Land Director), 750,000 750,000

The Options expire five years from the date of vesting, are not subject to performance conditions and are available to be exercised as follows:

ONE THIRD OF THE OPTIONS VEST ON 29 SEPTEMBER 2009;

ONE THIRD OF THE OPTIONS VEST ON 29 SEPTEMBER 2010; AND

ONE THIRD OF THE OPTIONS VEST ON 29 SEPTEMBER 2011.

In aggregate, 19,051,006 options, representing 9.53 per cent. of the Company's present issued share capital of 200,008,935 shares have been granted to Directors and employees to date.


Enquiries:

Landkom International Plc
Richard Spinks, Chief Executive Officer
Tel: +380 673 410 140

Libertas Capital
Aamir Quraishi/ Anthony Rowland
Tel: +44 (0) 20 7569 9650

College Hill
Simon Whitehead/ Adrian Duffield
Tel: +44 (0) 20 7457 2020

 

 


29 September 2008


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