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Director/PDMR Shareholding

9 Feb 2009 07:00

RNS Number : 9731M
PuriCore Plc
09 February 2009
 



Notification of Award of Options to PuriCore Directors and PDMRs 

MALVERN, PENNSYLVANIA, AND STAFFORD, UK, 9 February 2009 - PuriCore (LSE: PURI), the life sciences company focused on developing and commercialising proprietary, green solutions that safely and effectively kill infectious pathogens, today announces that on 6 February 2009 options in the Company were granted to the Executive Director, Non-Executive Directors, and Persons Discharging Managerial Responsibility (PDMRs) under the terms of the PuriCore plc 2006 Executive Omnibus Incentive Plan.

The options to the Executive Director, Non-Executive Directors, and PDMRs (set out below) are to vest upon the achievement of performance conditions, are exercisable from the date of vesting until the fifth anniversary of the date of grant, and were awarded at an exercise price of 10 pence per share. The performance conditions allow that 50% of the options will vest upon achieving a closing stock price of 20 pence sustained for 90 trading days, and the remaining 50% of the options will vest upon achieving earnings per share of $0.05 in any fiscal year. Both performance targets must be met by 31 December 2011.

Executive Director

Position

Options Granted

Total Options

Held

Gregory Bosch

Chief Executive Officer 

2,400,000

7,756,100

Director

Position

Options Granted

Total Options Held

Christopher Wightman

Non-Executive Chairman

1,200,000

5,530,000

Timothy Anderson

Non-Executive Director

120,000

261,000

Joseph William Birkett

Senior Independent Director

150,000

460,000

Michael Sapountzoglou

Non-Executive Director

120,000

430,000

James Walsh, PhD

Non-Executive Director

150,000

291,000

PDMR

Position

Options Granted

Total Options Held

Daniel Bee

President, International & UK Managing Director

700,000

1,025,000

David Correale 

Vice President, Marketing and Business Development

425,000

955,000

Thomas Daniel

Senior Vice President and General Manager, Sterilox Food Safety

425,000

1,305,000

Andrea Drucker

Senior Vice President, General Counsel, and Company Secretary

425,000

1,005,000

Raymond Mannion

Vice President, Operations

425,000

1,005,000

Darren Weiss

Vice President, Finance

425,000

910,000

The current issued ordinary share capital of the Company is 216,499,628. 

 

Enquiries:

Ben  Brewerton

Greg Bosch, CEO

Susan Quigley

Darren Weiss, VP Finance

Financial  Dynamics

PuriCore

+44 (0) 20 7831 3113

+1 484 321 2700

About PuriCore

PuriCore plc (LSE: PURI) is a life sciences company focused on developing and commercialising proprietary green solutions that safely, effectively, and naturally kill infectious pathogens without causing harm to human health or the environment. PuriCore's patented, proprietary technology mimics the human body's production of the natural antimicrobial hypochlorous acid, offering a safe and non-hazardous approach to disinfection and sanitisation. The Company's products are used in a broad range of markets that depend upon controlling contamination, including retail and foodservice, medical device disinfection, and wound care. Hypochlorous acid is proven to be safe, environmentally friendly, and fast acting against a broad range of infectious pathogens, including major public health threats of M. tuberculosis, MRSA, E.coli, Norovirus, H5N1 Avian Influenza, HIV, Salmonella, Polio Virus, Helicobater pylori, and Legionella. PuriCore is headquartered in Malvern,  Pennsylvania, with offices in Stafford, UK. 

To receive additional information on PuriCore, please visit our website at www.puricore.com, which does not form part of this press release

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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