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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zincox Res. | LSE:ZOX | London | Ordinary Share | GB0031124638 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.45 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMZOX
RNS Number : 6882C
ZincOx Resources PLC
30 June 2016
30 June 2016
ZincOx Resources plc
("ZincOx" or the "Company")
Options Granted
ZincOx announces the issue of new management options. Following substantial remuneration cuts taken by the management and the Board and in order to incentivise those rebuilding ZincOx, the Remuneration Committee has recommended that all previous options be cancelled and new options granted. On 29 June 2016 the Directors of the Company and certain other employees and consultants were granted options to subscribe for ordinary shares of 1 penny each in the Company ("Ordinary Shares") at a subscription price of 1.6 pence per Ordinary Share, this being at a 100% premium to the current share price and at a 60% premium to the price paid in the recent placing.
The number of Ordinary Shares under option granted to each director was as follows:
Name of Director Executive Company Share Total held Share Option Option Plan following grant Plan ------------------ -------------- -------------- ----------------- Andrew Woollett 4,855,000 1,875,000 6,730,000 ------------------ -------------- -------------- ----------------- Rod Beddows 525,000 1,875,000 2,400,000 ------------------ -------------- -------------- ----------------- Gautam Dalal 525,000 1,875,000 2,400,000 ------------------ -------------- -------------- -----------------
All options granted are subject to a three year vesting period before they can be exercised.
A total of 24,030,000 options have been granted to Directors, employees and consultants, representing 10% of the issued share capital and these replace all previous options.
The Board considers that the award of these options is in line with the Company's policy of providing incentives to its senior management and those who will be instrumental in rebuilding the company.
For more information please contact:
Tel: +44 (0) 127 ZincOx Resources plc 645 0100 Andrew Woollett, Chief Executive Officer Peel Hunt LLP (Nominated Adviser Tel: +44 (0) 207 and Joint Broker) 418 8900 Richard Kauffer Euan Brown
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBSGDLUBDBGLC
(END) Dow Jones Newswires
June 30, 2016 02:01 ET (06:01 GMT)
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