TIL Tembusu

TIDMTIL

RNS Number : 2161S

Tembusu Investments Limited

16 November 2011

16 November 2011

Tembusu Investments Limited

("Tembusu" or the "Company")

Grant of Options

Tembusu Investments Limited announces that Company has granted share options to certain directors (the "Share Options") as follows:

 
 Director                                   Number of Share Options 
                                                            granted 
 Chan Fook Meng (Chairman and CEO)                        1,500,000 
                                           ------------------------ 
 Lai Seng Kwoon (Non-Executive Director)                    500,000 
                                           ------------------------ 
 TOTAL                                                    2,000,000 
                                           ------------------------ 
 

The Share Options have an exercise price of 3 pence and can be exercised by each director as follows:

   --      One third can be exercised after 14 May 2012; 
   --      One third can be exercised after 14 November 2012; and 
   --      One third can be exercised after 14 May 2013. 

The Share Options expire on 31 December 2016 and are conditional upon the respective directors remaining as an employee of the Company.

The total number of outstanding options and warrants over ordinary shares in the Company is now 32,000,000.

 
 For enquiries: 
 
 Tembusu Investments Limited          Tel: +65 9630 7808 
 Chan Fook Meng, Chairman and Chief 
  Executive Officer 
 
 Allenby Capital Limited (Nominated   Tel: +44 (0)20 3328 5656 
  Adviser and Broker) 
 Brian Stockbridge 
 Dan Robinson 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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