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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Halosource CP S | LSE:HAL | London | Ordinary Share | VGG425271126 | ORD USD0.0001 (REG S) (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHAL TIDMHALO
RNS Number : 7747L
HaloSource Inc
30 April 2015
30 April 2015
HaloSource, Inc.
("HaloSource" or the "Company")
Directors' Dealings
HaloSource, Inc. (HAL.LN, HALO.LN), the global clean water technology company traded on London's AIM, 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 the Company's Admission Document, HaloSource 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) ------------------ ------ --------- --------------------------- Alan Matthews 8,000 - 227,133 shares / 8,000 RSGs ------------------ ------ --------- --------------------------- James Thompson - 296,647 538,395 shares / 934,940 Options ------------------ ------ --------- --------------------------- Jerry Wetherbee 8,000 - 436,976 shares / 8,000 RSGs ------------------ ------ --------- --------------------------- Kent Johnson 8,000 - 854,605 shares / 8,000 RSGs ------------------ ------ --------- --------------------------- Martin Coles - 300,000 722,790 shares / 2,600,000 Options ------------------ ------ --------- --------------------------- Massoud Entekhabi 8,000 - 122,133 shares / 8,000 RSGs ------------------ ------ --------- --------------------------- Michael Ducey 8,000 - 357,591 shares / 8,000 RSGs ------------------ ------ --------- ---------------------------
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 596,647 Stock Options issued to Martin Coles and James Thompson, Executive Directors of the Company, have an exercise price of US$0.26 per share based upon the closing stock price of the Company on the date of issuance. 200,000 of the Stock Options granted to each of Mr. Coles and Mr. Thompson contain performance conditions based upon the financial performance of the Company for the 12 month period ended 31 December 2015, and vest only if these performance conditions are satisfied.
Following this issuance the Company has 7,892,643 options outstanding, 567,813 common warrants outstanding and 220,271,404 common shares outstanding.
Enquiries:
HaloSource Martin Coles, Chief Executive Officer +1 425 974 1991 James Thompson, Chief Financial Officer +1 425 974 1993 Liberum Capital (NOMAD and Broker) Richard Bootle/Jill Li/Steve Pearce +44 203 100 2222 Allenby Capital (Joint Broker) Chris Crawford/Kat Perez +44 203 328 5656 Newgate (PR Adviser) +44 207 680 6550 James Benjamin/Andre Hamlyn/Lois halosource@newgatecomms.com Engstrand
About HaloSource
HaloSource, Inc. creates innovative solutions for water purification that serve people, preserve the planet and protect our most valuable resource. The Company works with scientists and industry experts across the globe in search of new ways to improve water quality and has been awarded more than 70 patents for its ground breaking chemistries, which provide effective and environmentally responsible solutions to the growing issue of water stress.
Founded in Seattle, Washington, HaloSource has grown to become an influential leader in three market segments: drinking water, recreational water, and environmental water treatment and remediation. HaloSource is headquartered in the US with operations in China and in India. Learn more about the Company's research and development and future cutting edge technologies by visiting www.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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