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22 Dec 2014 07:00
22 December 2014
OPG POWER VENTURES plc
(the "Company", "Group" or "OPG")
GRANT OF OPTIONS
OPG Power Ventures plc, the developer and operator of group captive power plants in India, announces that the Board, on 19th December 2014, granted options over new ordinary shares in the Company to directors as detailed below in accordance with the Group's Share Options Scheme as previously approved in July 2009 ("the 2009 Scheme"), as indicated in the Company's admission document dated 23 May 2008.
The exercise price of these options is 60 pence, they are exercisable between one and ten years from the date of grant and vesting is subject to the achievement of performance conditions previously decided upon by the Remuneration Committee.
The grants of options under the 2009 Scheme are as follows:
Director | Number of options awarded | Percentage of existing issued share capital |
|
|
|
M.C. Gupta | 250,000 | 0.07 |
R. Gupta | 250,000 | 0.07 |
V. Narayan Swami | 250,000 | 0.07 |
M. Grasby | 250,000 | 0.07 |
|
|
|
Total | 1,000,000 | 0.28 |
Enquiries:
OPG Power Ventures PLC | +91 (0) 44 429 11 211 |
Arvind Gupta (Managing Director) | +44 (0) 7814 830 893 +91 (0) 98400 96299 +91 (0) 44 429 11 222 |
V. Narayan Swami (Finance Director) | +91 (0) 99400 17927 +91 (0) 44 42911214 |
Martin Gatto (Senior Non Executive Director)
| +44 (0) 7778 749 223
|
Cenkos Securities (Nominated Adviser & Broker) | +44 (0) 20 7397 8900 |
Stephen Keys / Mark Connelly | |
Tavistock Communications Financial Public Relations) | +44 (0) 20 7920 3150 |
Simon Hudson / James Collins |
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