28 Nov 2012 07:00
For immediate release | 28 November 2012 |
HaloSource, Inc.
Director Dealings
HaloSource, Inc. ("HaloSource" or "the Company") (HALO.LN), the clean water and antimicrobial technology company, today announces the award of Stock Options to Martin Coles, the CEO of the Company.
As described in its Admission Document, the Company pays some of its Directors and Non-Executive Directors their salaries in a mix of cash, Stock Options and Restricted Stock Grants (RSGs) in order to align Director and shareholder interests. The Company has issued RSGs and Options as follows:
RSGs | Stock Options | Interests following grant (shares/RSGs) | |
Martin Coles | - | 300,000 | 92,790 shares/1,500,000 Options |
RSGs are shares which are issued by the Company but which do not vest in the owner until certain conditions are met and may be bought back by the Company if services are not rendered. RSGs and Stock Options are issued as part of the Company's 2010 Share Option Scheme. All the shares will be "affiliate shares" and subject to certain restrictions on transfer in accordance with US securities laws; they may not be transferred at all within a year and after a year may only be transferred in accordance with Rule 144 of the US Securities Act, 1933.
Following this issuance the Company has 3,999,865 options outstanding, 574,343 common warrants outstanding and 156,306,649 common shares.
For further information contact:
HaloSource, Inc. Martin Coles James Thompson, Chief Financial Officer and Director |
+1 425 974 1975 +1 425 974 1993 |
Company PR- Buchanan Charles Ryland/Clare Akhurst |
+44 207 466 5000 |
Company NOMAD- Liberum Capital Limited Simon Atkinson/Richard Bootle |
+44 20 3100 2222 |
About HaloSource
HaloSource (www.halosource.com) is a global clean water technology company headquartered in Bothell, Washington, U.S.A. We design solutions to protect people, preserve the planet and celebrate our most valuable resource-water that is safer, cleaner and more accessible for people everywhere.
HaloSource is committed to relentless innovation, industry-leading products and ongoing support for water-related philanthropy. Our proprietary technologies for drinking and recreational water, textile coatings, and environmentally friendly wastewater recycling, enable our partners to rid the world's water of impurities and return it responsibly to the earth.
HaloSource Technologies that Protect Water and Textiles:
·; HaloPure® media is the most flexible, price-competitive disinfection solution for clean drinking water in the industry. In 2009, it became the first drinking water technology in 30 years to be registered by the United States Environmental Protection Agency (USEPA), widely recognized as having the world's most stringent performance requirements for water purification. In 2010, HaloPure media was approved by China's Ministry of Health (MOH) and recognized for meeting the world's most stringent water purification requirements, a key differentiator for our multi-national partners. In Brazil, the use of HaloPure media has met or exceeded all appropriate standards of the National Institute of Metrology, Standardization and Industrial Quality (INMETRO).
·; SeaKlear® Pool and Spa treatment products bring both natural biopolymers and antimicrobial applications for treating recreational water.
·; HaloShield®products consist of antimicrobial coatings solutions that employ unique technology that binds chlorine-based bleach to textiles such as sheets, lab coats and towels for use as a non-toxic biocide.
HaloSource Technologies that Preserve the Environment:
·; HaloKlear® products use natural biopolymers providing industrial water clarification with dramatic reductions in ecological impact.
HaloKlear, HaloPure, SeaKlear and HaloShield are either trademarks or registered trademarks of HaloSource, Inc. All other trademarks, brand names or product names belong to their respective holders.