1 Jun 2015 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
1 June 2015
Mytrah Energy Limited
("Mytrah" or the "Company")
DIRECTOR share OPTIONS
Mytrah, the India-based renewable focused Independent Power Producer, announces that it has granted the following share options to Ravi Kailas (Chairman and CEO), Rohit Phansalkar (Non-Executive Director) and Russell Walls (Non-Executive Director).
Director | Exercise Price | Number of Options |
Rohit Phansalkar | 77.5p | 90,000 |
Russell Walls Ravi Kailas | 77.5p 77.5p | 90,000 9,500,000 |
The options vest in equal installments over 3 years.
In addition, all the share options currently held by Mr Phansalkar and Mr Walls, as set out below, are to be re-priced to 77.5p per share.
Director | Date of Grant | Number of Options | Previous Exercise Price |
Rohit Phansalkar | 4th October 2010 10th January 2013 | 38,700 21,300 | 115p 95p |
Russell Walls | 23rd December 2011 10 January 2013 | 38,700 21,300 | 95p 95p |
Following this grant of options, the interests of the Directors in the share capital of the Company are as follows:
Director | Number of Options held over Ordinary Shares | Number of Ordinary Shares held |
Rohit Phansalkar | 150,000 | - |
Russell Walls Ravi Kailas The Raksha Trust* | 150,000 9,500,000 11,490,889 | 30,000 - 94,314,500 |
Ravi Kailas has informed the Company that he has transferred the new share options provided to him for nil consideration to the Raksha Trust*.
* The Raksha Trust is a Jersey based discretionary trust settled by Mr Ravi Kailas, of which he and some of his family members and also a philanthropic trust are discretionary beneficiaries.
For further information please visit www.mytrah.com or contact:
Mytrah Energy Limited Ravi Kailas / Bob Smith |
+44 (0)20 3402 5790
|
Investec Bank plcChris Sim / Jeremy Ellis | +44 (0)20 7597 5970 |
Mirabaud Securities LLP Peter Krens / Rory Scott |
+44 (0)20 7878 3360 |
Yellow Jersey PR Limited Anna Legge / Philip Ranger / Dominic Barretto |
+44 (0)77 4778 8221 |
About Mytrah Energy Ltd.Mytrah Energy Ltd. (AIM: MYT), the pioneer and one of the largest Independent Power Producers ('IPP') in renewable energy, in India, with 543MW power generation across 10 projects and 6 States. The Company has 172 wind masts installed across multiple states in India, providing a rich source of information from which to select its future projects. Mytrah currently has an active development pipeline of about 3500MW.