TIDMZOX

RNS Number : 7346Y

ZincOx Resources PLC

29 January 2014

29 January 2014

ZincOx Resources plc

("ZincOx" or the "Company")

Options Granted

ZincOx Resources plc (AIM: ZOX), the developer of Asia's largest zinc recycling project, announces that on 28 January 2014 the directors of the Company had been granted options to subscribe for ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a subscription price of 24.50 pence per Ordinary Share. The number of ordinary shares under option and performance share plan awards ("PSPs") granted to each director are as follows:

 
 Name of Director    Company Share     Executive        Performance      Total held 
                      Option Plan     Share Option    Share Plan (PSP)    following 
                                          Plan                              grant 
------------------  --------------  --------------  ------------------  ----------- 
 Andrew Woollett        122,440                          3,877,560       4,515,854 
------------------  --------------  --------------  ------------------  ----------- 
 Simon Hall             122,440                          1,277,560       1,731,318 
------------------  --------------  --------------  ------------------  ----------- 
 Jacques Dewalens                      1,400,000                         1,500,000 
------------------  --------------  --------------  ------------------  -----------

All options granted are subject to a three year vesting period and the satisfaction of a performance condition before they can be exercised.

A total of 10,400,000 options and PSPs were granted under the above schemes, representing 7.67% of the issued share capital. The total number of options and PSPs in issue, following the grant, are 12,993,874, representing approximately 9.58% of the issued share capital.

The Remuneration Committee of the Board considers that the award of these options is in line with the Company's policy of providing incentives to its senior management as part of its objective of becoming a major zinc recycling company.

For more information please contact:

 
 ZincOx Resources plc                         Tel: +44 (0) 1276 45 0100 
 Andrew Woollett, Executive Chairman 
 
 Peel Hunt LLP (Nominated Adviser and Joint   Tel: +44 (0) 207 418 8900 
  Broker) 
 Richard Kauffer 
  Daniel Harris 
  Matthew Brooke-Hitching 
 
 finnCap Limited (Joint Broker)               Tel: +44 (0) 207 220 0500 
 Matthew Robinson 
  Joanna Weaving 
 
 Tavistock Communications (Financial PR)      Tel: +44 (0) 207 920 3150 
 Simon Hudson 
  Nuala Gallagher

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSDVLFLZFFEBBQ

Zincox (LSE:ZOX)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Zincox Charts.
Zincox (LSE:ZOX)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Zincox Charts.