8 Oct 2013 07:00
PURECIRCLE LIMITED
("PureCircle" or "the Company")
Long Term Incentive Plan ("LTIP") Options Awarded - Options Issued to Directors
PureCircle (LSE: PURE), the world's largest producer and marketer of high purity stevia ingredients provides an update of new options issued under the Company's LTIP.
On 8 October 2013, the Company made a regular annual award of options under the terms and conditions of the Company's LTIP scheme to certain employees including the Executive Directors:-
1. FY2014 options awarded
A total of 1,576,350 options have been granted to employees and Executive Directors and may vest on 30 June 2016 at nil exercise price, subject to performance conditions.
2. Finalisation of options awarded for FY2013
As announced on 3 October 2012, for the FY2013 awards the Company noted that it would issue up to 3.26 million options. This process has now been finalised and PureCircle confirms that it has consequently issued a total of 1,633,020 options under the LTIP for FY2013. These options may vest on 30 June 2015 at nil exercise price.
Following the above awards, the interests of the Executive Directors in the Company comprise:-
New options granted | |||||
Director | Number of shares held | Number of options held previously | Regular FY2014 | Additional FY2013 | Total current options held |
Mr M Malsagov (Executive) | 14,855,612 | 582,000 | 102,120 | 2,520 | 686,640 |
Mr W Mitchell (Executive) | 887,000 | 437,000 | 89,750 | 2,420 | 529,170 |
Total | 15,742,612 | 1,019,000 | 191,870 | 4,940 | 1,215,810 |
PureCircle currently has 8.046 million options on issue following the above awards.
8 October 2013
For more information: | |
PureCircle Limited (www.purecircle.com) |
|
Magomet Malsagov, CEO | +60 3 2166 2206 |
William Mitchell, CFO | +44 7974 005 163 |
RFC Ambrian Ltd (NOMAD) | +61 8 9480 2500 |
Stephen Allen |