TIDMHAL TIDMHALO

RNS Number : 5776G

HaloSource Inc

08 May 2014

8 May 2014

HaloSource, Inc.

("HaloSource" or "the Company")

Directors' Dealings

HaloSource, Inc. ("HaloSource" or "the Company") (HALO.LN), the clean water and antimicrobial technology company, today announces the award of Restricted Stock Grants (RSGs) to Non-Executive Directors, and Stock Options to Executive Directors, of the Company.

As described in its Admission Document, the Company pays some of its Executive Directors and Non-Executive Directors their salaries in a mix of cash, Stock Options and RSGs in order to align Director and shareholder interests. The Company has issued RSGs and Stock Options as follows:

 
                               Stock        Interests following grant 
                      RSGs     Options       (shares/RSGs or Options) 
------------------  -------  ---------  --------------------------------- 
 Jerry Wetherbee     20,000                  416,976 shares / 20,000 RSGs 
------------------  -------  ---------  --------------------------------- 
 Michael Ducey       20,000                  337,591 shares / 20,000 RSGs 
------------------  -------  ---------  --------------------------------- 
 Massoud Entekhabi   20,000                  102,133 shares / 20,000 RSGs 
------------------  -------  ---------  --------------------------------- 
 Kent Johnson        20,000                  834,605 shares / 20,000 RSGs 
------------------  -------  ---------  --------------------------------- 
 Alan Matthews       20,000                  207,133 shares / 20,000 RSGs 
------------------  -------  ---------  --------------------------------- 
 Martin Coles             -    200,000         722,790 shares / 2,400,000 
                                                                  Options 
------------------  -------  ---------  --------------------------------- 
 James Thompson                200,000   538,395 shares / 738,293 Options 
------------------  -------  ---------  ---------------------------------

RSGs are shares which are issued by the Company but which do not vest in the owner until certain conditions are met and may be bought back by the Company if services are not rendered. RSGs and Stock Options are issued as part of the Company's 2010 Share Option Scheme. All the shares will be "affiliate shares" and subject to certain restrictions on transfer in accordance with US securities laws; they may not be transferred at all within a year and after a year may only be transferred in accordance with Rule 144 of the US Securities Act, 1933.

The 400,000 Stock Options issued to Martin Coles and James Thompson, Executive Directors of the Company, have an exercise price of US$0.11 per share based upon the closing stock price of the Company on the date of issuance. The Stock Options contain performance conditions based upon the financial performance of the Company for the 12 month period ended 31 December 2014, and vest only if these performance conditions are satisfied.

Following this issuance the Company has 6,021,036 options outstanding, 567,813 common warrants outstanding and 156,584,041 common shares outstanding.

For further information contact:

 
 HaloSource 
  James Thompson, Chief Financial Officer 
  and Director                                     +1 425 974 1993 
 
   Newgate Communications 
   James Benjamin/Madeleine Palmstierna/Georgia 
   Lewis                                             +44 20 7680 6550 
 
   Company NOMAD - Liberum 
   Simon Atkinson/Richard Bootle                     +44 20 3100 2222

Notes to Editors

About HaloSource

HaloSource, Inc. designs solutions that serve people, preserve the planet, and protect our most valuable resource - water. The company works with scientists and industry experts in search of new ways to improve water quality around the globe. The team of HaloSource chemists, biochemists and microbiologists hold more than 100 patents, giving the company the power to provide environmentally conscious solutions. The company's mission is to make water better and help return previously contaminated water into the environment in the most clean, natural pure state.

Founded in Seattle, Washington, HaloSource has grown to become an influential leader in three key sectors: drinking water, recreational water, and environmental water treatment and remediation. HaloPure, SeaKlear and HaloKlear are the distinct brands that optimize the unique chemistry platforms across these primary sectors. Learn more about these cutting edge technologies by visiting HaloSource.com

HaloKlear, HaloPure, SeaKlear and HaloShield are either trademarks or registered trademarks of HaloSource, Inc. All other trademarks, brand names or product names belong to their respective holders.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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