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News Centre Grant of share options to employees

MoneySwap Plc

("MoneySwap" or the “Company”)

23 December 2013 

Grant of share options to employees 

 

MoneySwap (AIM: SWAP), the provider of payment solutions to both online and point of sale merchants licenced for UnionPay for the UK wishes to announce that following a recommendation from its Remuneration Committee and approval from its Board, the Company has decided today to grant new share options over 24.35 million ordinary shares of 0.1p each (the “Options”) to certain of the Company’s existing employees.  The Options are to be granted under the Company’s existing General Share Option Scheme adopted on 17 May 2011.  The Options are exercisable at 1p per share, representing a 54% premium to MoneySwap’s closing bid price on 20 December 2013 (being the latest practicable date immediately prior to the grant of the Options) and are exercisable immediately for a period of five years.  The Options, if exercised in full, represent 5.7% of the Company’s current issued share capital.  None of the Options have been granted to any Director of the Company. 

 

After the grant, the total number of options currently in existence under the General Share Option Scheme is 44,038,767, representing 10.3% of the Company’s current issued share capital. 

 

The Company’s Remuneration Committee believes the above grant of Options will align the employees’ interests with those of the Company’s shareholders. 

 

- Ends- 

 

For further information, please contact: 

MoneySwap Plc

Allenby Capital Limited

St Brides Media and Finance Ltd

 

Nominated Adviser

Financial PR

Richard Proksa

Chief Executive Officer

Nick Naylor

Alex Price 

James Reeve

Frank Buhagiar

Susie Geliher

 

+852 3919 9888  

+44 20 3328 5656

+44 20 7236 1177

 

About MoneySwap (www.moneyswap.com) 

MoneySwap provides payment solutions and gateways to merchants which allow both online and point of sale transactions to be settled using UnionPay cards.  In addition, UnionPay has licensed MoneySwap for its MoneyExpress service which enables overseas persons to send funds directly to UnionPay cardholders in China.  The Company also offers prepaid card services working with partners such as Corner Bank, Switzerland and Visa and offers an online peer to peer platform for currency exchange and payments.  The Company’s shares are traded on the London Stock Exchange's AIM market (AIM: SWAP). More information can be found at www.moneyswap.com.