ClearStar,Inc. Grant of Options (7940K)
January 05 2016 - 1:00AM
UK Regulatory
TIDMCLST TIDMCLSU
RNS Number : 7940K
ClearStar,Inc.
05 January 2016
5 January 2016
ClearStar, Inc.
("ClearStar" or the "Company")
Grant of Options
ClearStar (AIM: CLST), the technology and service provider to
the background check industry, announces that, on 4 January 2016
(the "Grant Date"), it granted a total of 405,000 options over new
ordinary shares of US$0.0001 each in the Company ("Ordinary
Shares") under the ClearStar Share Option Incentive scheme to a
Director and certain employees of the Company. Each option has an
exercise price of 50.6 US cents per new Ordinary Share,
representing the closing price of the Company's Ordinary Shares on
AIM on 4 January 2016 of 34.5 pence, translated into US$ at the
prevailing exchange rate (1). The options will vest over a
three-year period: one-third at the first anniversary of the Grant
Date, one-third at the second anniversary of the Grant Date and
one-third at the third anniversary of the Grant Date. The options
are exercisable from vesting until the fifth anniversary of the
Grant Date. The options were granted to the Director as
follows:
Director Number of options Total number of
granted on 4 January options held
2016
---------------- ---------------------- ----------------
David Pattillo 60,000 165,000
---------------- ---------------------- ----------------
Following the grant, the Company has a total of 1,941,165
options outstanding over Ordinary Shares, representing options over
5.3% of its total existing issued and outstanding ordinary share
capital. There are no shares held in treasury.
(1) Exercise price calculated using an exchange rate of
GBP1:$1.4681
Enquiries
ClearStar, Inc.
---------------------------------- -----------------
Robert J. Vale, Chief Executive
Officer
David Pattillo, Chief Financial
Officer +1 770 416 1900
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Cenkos Securities plc
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Max Hartley, Mark Connelly
- Corporate Finance
Julian Morse - Sales +44 20 7397 8900
---------------------------------- -----------------
Luther Pendragon Ltd
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Harry Chathli, Claire Norbury,
Oli Hibberd +44 20 7618 9100
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About ClearStar
ClearStar, Inc. is a leading and trusted background check
technology, strategic services, and decision-making information
provider to employers and background screening companies.
A seven-time Inc. 5000 honouree and founding member of the
National Association of Professional Background Screeners,
ClearStar has provided innovative technology solutions to
businesses in the human capital management industry from its
corporate offices in Alpharetta, Georgia since 1995. For more
information about ClearStar, please visit: www.clearstar.net.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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