FairFX has granted 1,183,000 share options to directors under the company's enterprise management incentive share option plan.
Chief executive Ian Strafford-Taylor was granted 750,000 options, non-executive chairman John Pearson 250,000 and non-executive directors Ajay Chowdhury and Bob Head 50,000 and 133,333 respectively.
The options have an exercise price of 29.75p per share, the closing mid-market price on 28 September following the publication of the company's interim results. The options will vest in three equal tranches on the first, second and third anniversary of the grant. Once vested, the options may be exercised after three years and within 10 years from the date of grant.
At 1:12pm: (LON:FFX) Fairfx Group Plc Ord 1p share price was +0.5p at 30.25p