ENGI.L Regulatory News (ENGI)

 5 October 2016



Energiser Investments plc 

('Energiser' or the 'Company')

Grant of Options

The Company announces that, on 4 October 2016, it granted 3,050,000 share options to each of Stephen Wicks and Nishith Malde as detailed in the Company's circular of 8 June 2016. The grant of options, for which a related party opinion has been provided, was approved by shareholders at a general meeting held on 1 July 2016.

The options have been granted under the Company's unapproved share option scheme which has also been amended to include Non-executive directors. The options have an exercise price of 2 pence per share and are exercisable between the third and tenth anniversaries of the date of grant.  As previously stated, immediately prior to the grant, Mr Malde surrendered his historic share options (700,000 options over Ordinary Shares at an exercise price of 20 pence per share). Mr Wicks did not hold any historic share options.

In addition, the Company advises that it has made a further grant of 4,750,000 options to Dominic White who, as announced on 29 September, recently accepted the position of Chief Executive Officer having been appointed as a Non-executive director on 23 May 2016.

The options granted to Mr White are subject to the multiple performance related vesting criteria outlined below:

- Aggregate increase in share capital of £1.25 million through the issue of shares for cash or used to acquire assets;

- 25% will vest after 12 months from the date of grant;

- 25% will vest after 24 months from the date of grant;

- Excluding any further equity fund raising but including profits in connection with investments made using further equity fund raising:

o 25% will vest once the company's net asset value increases to £2.2m; and

o 25% will vest once the company's net asset value increases to £2.87m.

Mr White's options have an exercise price of 2 pence per share and are exercisable between the third and tenth anniversaries of the date of grant.

Following the grants of options outlined above, the Company would have outstanding options to subscribe for 10,850,000 Ordinary Shares at an exercise price of 2 pence per share and 900,000 Ordinary Shares at an exercise price of 20 pence per share which represents 19.21 percent of the shares currently in issue.

Related Party Transaction

The grant of options to Mr White is a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. With the exception of Mr White, its directors consider, having consulted with its Nominated Adviser Cairn Financial Advisers, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

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