ZincOx Resources PLC Grant of Options (4880D)
29 January 2015 - 9:05PM
UK Regulatory
TIDMZOX
RNS Number : 4880D
ZincOx Resources PLC
29 January 2015
ZincOx Resources plc
("ZincOx" or the "Company")
Options Granted
ZincOx, the developer and operator of one of Asia's largest zinc
recycling plants, announces that on 28 January 2015 the Directors
of the Company and certain other employees were granted options to
subscribe for ordinary shares of 1 pence each in the Company
("Ordinary Shares") at a subscription price of 10 pence per
Ordinary Share. The number of Ordinary Shares under option and
performance share plan awards ("PSPs") granted to each director
were as follows:
Name of Director Executive Performance Total held
Share Option Plan Share Plan following grant
------------
Andrew Woollett 392,000 4,907,854
------------------- ------------ -----------------
Simon Hall 313,500 2,044,818
------------------- ------------ -----------------
Jacques Dewalens 313,500 1,813,500
------------------- ------------ -----------------
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 2,937,500 options and PSPs were granted under the
above schemes to Directors and employees, representing 1.77% of the
issued share capital. The total number of options and PSPs in
issue, following the grant, are 16,089,462, representing
approximately 10% 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:
Tel: +44 (0) 127 645
ZincOx Resources plc 0100
Andrew Woollett, Chief Executive Officer
Peel Hunt LLP (Nominated Adviser and Tel: +44 (0) 207 418
Joint Broker) 8900
Daniel Harris
Euan Brown
finnCap Limited (Joint Broker) Tel: +44 (0) 207 220
Matthew Robinson 0500
Joanna Weaving
Tavistock Communications (Financial PR) Tel: +44 (0) 207 920
Simon Hudson 3150
Nuala Gallagher
This information is provided by RNS
The company news service from the London Stock Exchange
END
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