3 Feb 2012 07:00
3 February 2012
Origo Partners Plc ("Origo" or the "Company")
Grant of options and shares
The Company today announces the grant of 13,600,000 options and 1,170,000 shares to the benefit of certain directors and employees.
The option grants have been made under the terms of the Company's Management Retention Scheme, which is designed to retain executive directors and senior employees of the Company. The majority of options granted by the Company to date were granted in conjunction with the Company's IPO in 2006, which are now close to fully vested. Accordingly, the Company considers it appropriate to grant further options to those executive directors and senior employees whose options are soon to vest, as well as new options to certain senior professionals the Company has more recently recruited. The options granted have a strike price of 31 pence and will vest in one installment on the fourth anniversary of the date of the grant.
The shares awarded will initially be held by the Company's Employee Benefit Trust and will then vest in one tranche on the first anniversary of the grant.
Chris Rynning and Niklas Ponnert, executive directors of the Company, have each been awarded a beneficial interest in 2,500,000 options and 285,000 shares. Accordingly, following the transactions Chris Rynning has a total interest in 14,366,008 ordinary shares and 3,500,000 options and. Niklas Ponnert has a total interest in 2,691,009 ordinary shares and 5,300,000 options
Following the option and share awards, the Company's capital structure consists of 25,051,932 options, 360,168,501 common shares and 60,000,000 convertible zero-dividend preference shares.
For further information about Origo please visit www.origoplc.com or contact:
Origo Partners plc Chris Rynning (chris@origoplc.com) Niklas Ponnert (niklas@origoplc.com)
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Nominated Advisor & Broker Liberum Capital Limited Simon Atkinson/Richard Bootle
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Public Relations: Aura Financial Nina Legge | +44 (0)20 7321 0000 |
Origo Partners:
Origo is an AIM-listed private equity investor and strategic consultancy business which provides its shareholders with exposure to China-linked investment opportunities.
Origo has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy/clean-tech and technology, telecom and media.
Origo invests directly in high growth Chinese companies as well as in companies based around the world with significant exposure to Chinese export markets.