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2 Aug 2010 09:35
02 August 2010
LED International Holdings Limited
("LED" or the "Company")
Directors' dealings - grant of share options
The board of directors of LED (the "Board") announces that on 22 July 2010 it resolved to grant the following share options over a total of 10,000,000 new ordinary shares of HK$0.10 each in the Company (the "Ordinary Shares") to certain directors (the "Options"):
|
Director |
New Options |
Total number of shares under options following grant |
|
Li Li Xin, Thomas |
5,000,000 |
5,000,000 |
|
Chan Wing Bun, Stephen |
5,000,000 |
5,000,000 |
The exercise price for the Options is the average closing price of the Ordinary Shares for the past four quarters up to June 2010, being 1.595 pence per share, being a premium of 0.345 pence to the share price prior to the date of grant.
Following these option grants, the total number of shares under option will be 21,762,674 (representing 6.08 per cent. of the Company's issued share capital following issue) of which the number granted to the directors is 10,000,000 (representing 2.89 per cent. of the Company's issued share capital following issue).
Mr Li is now interested in 96,965,985 Ordinary Shares representing 28.84 per cent. of the currently issued share capital.
Mr Chan is now interested in 8,220,000 Ordinary Shares representing 2.44 per cent. of the currently issued share capital.
**Ends**
For further information:
|
LED International Holdings Limited |
|
|
Stephen Chan - Chief Financial Officer |
+852 2243 3100 |
|
|
|
|
Strand Hanson Limited |
|
|
James Harris/ James Spinney |
+44 (0) 207 409 3494 |
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Notes to Editors:
LED International Holdings Limited and its subsidiaries specialise in the development, manufacture and sale of low powered / low maintenance LED screens and other LED products such as outdoor signs, lamps, lighting and building illumination. The screens are manufactured in a 'building block' format to a specific design, which allows screens to be assembled to suit a customer's size and definition specifications.
This design also ensures that the screens are relatively easy to transport and assemble. Based in Hong Kong, the Company's primary market has been the People's Republic of China ('PRC'), but it has also supplied end products to Macau, Japan and the USA. Part of the Company's strategy in 2007 was to widen its customer base to markets outside PRC.
The Company was originally listed on AIM, a market operated by the London Stock Exchange, on 23 October 2006. For more information, please visit: http://www.led-intl.com
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