22 Dec 2008 11:12
Immediate Release: Monday 22 December 2008
Zenergy Power plc
('the Company')
Grant of Options, EMI Scheme, PDMR
Zenergy Power plc (AIM:ZEN.L) announces that on 18 December 2008 the Company granted the following options to its non-executive Chairman over ordinary 1p shares in the Company through the Company's unapproved option scheme named the Zenergy Power plc 2006 Discretionary Share Option Plan.
| Name | Number of Options Granted | Date of Grant | Exercise Period | Grant Price | Total Number of Options Held |
| Michael Fitzgerald | 130,000 | 18th December 2008 | 10 years from date of grant | 100.5p | 130,000 |
The options will vest (become exercisable) 25 per cent. on the expiry of 12 months from the date of grant. Thereafter, an equal percentage of the option will vest each month until the expiry of four years from the date of grant when 100 per cent of the option will have vested.
-Ends-
Further information
| Andrew Tan | Zenergy Power Plc | + 49 2226 9060 668 |
| Andrew Godber/Katherine Roe | Panmure Gordon & Co | + 44 207 459 5742 |
About Zenergy Power plc
Zenergy Power plc is a global specialist manufacturer and developer of commercial applications for superconductive materials. Comprising three operating subsidiaries located in Germany, USA and Australia, Zenergy is highly focussed on the commercialisation of a number of energy efficient applications to be adopted in energy intensive industrial processes, power distribution and renewable power generation. Zenergy achieved the world's first sale of an industrial scale HTS induction heater which is now in operation.
About superconductivity
Superconductive materials are capable of conducting electricity without any resistance and were first discovered in 1911 in what was to prove to be one of the most significant scientific breakthroughs of the 20th century.
Superconductors enable:
(a) Induction Heaters to be twice as efficient for the metals industry
(b) Fault Current Limiters to protect power grids from blackouts
(c) Direct-drive wind generators to be significantly reduced in size and weight allowing the operation of wind generators in excess of 8 MW
(d) Existing hydro-power sites to upgrade to energy efficient Hydro-generators