10 Mar 2016 16:06
GLENWICK PLC
("the Company")
Grant of options
The Company announces that it has today granted share options to Cameron Pearce and Sam Quinn, both directors of the Company, and to FIM Capital Limited in which Graham Smith, also a director of the Company, has an interest. The options entitle each of them to subscribe for 26,767,106 shares of the Company at a price of 0.13 pence per share in the next three years, conditional upon a Reverse Takeover by the Company, as defined by Rule 14 of the AIM Rules for Companies, having been completed.
This constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules. As there are no independent Directors for the purposes of providing the fair and reasonable statement, required under Rule 13 of the AIM Rules, Allenby Capital gave the fair and reasonable statement and the Company sought and obtained shareholder approval to approve the grant of Options on these terms and conditions at the Extraordinary General meeting held on 4 February 2016.
For further information, please contact:
FIM Capital Limited Graham Smith
| +44 1624 681 250 |
Allenby Capital Limited (Nominated Adviser and Joint-Broker) John Depasquale
| +44 203 328 5656
|
Peterhouse Corporate Finance Limited (Joint-Broker) Lucy Williams / Heena Karani | +44 207 469 0933 |