Share Name Share Symbol Market Type Share ISIN Share Description
Mytrah Energy LSE:MYT London Ordinary Share GG00B64BJ143 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 44.75p 44.60p 44.90p - - - 0 05:30:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 293.3 -4.5 -2.0 - 77.61

Mytrah Energy Ltd Director Share Options

01/06/2015 7:01am

UK Regulatory (RNS & others)


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RNS Number : 7303O

Mytrah Energy Ltd

01 June 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

1 June 2015

Mytrah Energy Limited

("Mytrah" or the "Company")

DIRECTOR share OPTIONS

Mytrah, the India-based renewable focused Independent Power Producer, announces that it has granted the following share options to Ravi Kailas (Chairman and CEO), Rohit Phansalkar (Non-Executive Director) and Russell Walls (Non-Executive Director).

 
 Director            Exercise Price   Number of Options 
------------------  ---------------  ------------------ 
 Rohit Phansalkar    77.5p            90,000 
 Russell Walls       77.5p            90,000 
  Ravi Kailas         77.5p            9,500,000 
------------------  ---------------  ------------------ 
 

The options vest in equal installments over 3 years.

In addition, all the share options currently held by Mr Phansalkar and Mr Walls, as set out below, are to be re-priced to 77.5p per share.

 
 Director            Date of Grant      Number of   Previous Exercise 
                                         Options     Price 
------------------  -----------------  ----------  ------------------ 
                     4(th) October 
 Rohit Phansalkar     2010              38,700      115p 
   10(th) January 
    2013                                 21,300      95p 
 ------------------------------------  ----------  ------------------ 
 Russell             23(rd) December 
  Walls               2011              38,700      95p 
   10 January 
    2013                                 21,300      95p 
 ------------------------------------  ----------  ------------------ 
 

Following this grant of options, the interests of the Directors in the share capital of the Company are as follows:

 
 Director            Number of Options     Number of Ordinary Shares 
                      held over Ordinary    held 
                      Shares 
------------------  --------------------  -------------------------- 
 Rohit Phansalkar    150,000               - 
 Russell 
  Walls              150,000               30,000 
  Ravi Kailas         9,500,000             - 
  The Raksha 
   Trust*             11,490,889            94,314,500 
------------------  --------------------  -------------------------- 
 

Ravi Kailas has informed the Company that he has transferred the new share options provided to him for nil consideration to the Raksha Trust*.

* The Raksha Trust is a Jersey based discretionary trust settled by Mr Ravi Kailas, of which he and some of his family members and also a philanthropic trust are discretionary beneficiaries.

For further information please visit www.mytrah.com or contact:

 
 
   Mytrah Energy Limited 
   Ravi Kailas / Bob Smith         +44 (0)20 3402 5790 
 
   Investec Bank plc 
   Chris Sim / Jeremy Ellis        +44 (0)20 7597 5970 
 
   Mirabaud Securities LLP 
   Peter Krens / Rory Scott        +44 (0)20 7878 3360 
 
   Yellow Jersey PR Limited 
   Anna Legge / Philip Ranger 
   / Dominic Barretto              +44 (0)77 4778 8221 
 

About Mytrah Energy Ltd.

Mytrah Energy Ltd. (AIM: MYT), the pioneer and one of the largest Independent Power Producers ('IPP') in renewable energy, in India, with 543MW power generation across 10 projects and 6 States. The Company has 172 wind masts installed across multiple states in India, providing a rich source of information from which to select its future projects. Mytrah currently has an active development pipeline of about 3500MW.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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