ZincOx Resources PLC Grant of Options (4880D)

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: [phone] 
 ZincOx Resources plc                         0100 
 Andrew Woollett, Chief Executive Officer 
 
   Peel Hunt LLP (Nominated Adviser and       Tel: [phone] 
   Joint Broker)                              8900 
 Daniel Harris 
  Euan Brown 
 finnCap Limited (Joint Broker)             Tel: [phone] 
  Matthew Robinson                           0500 
  Joanna Weaving 
 Tavistock Communications (Financial PR)    Tel: [phone] 
  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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