9 Jun 2010 13:40
9 June 2010 Walcom Group Limited ("Walcom" or the "Company") Issue of share options
The Company announces that it has today granted options over 3,480,000 ordinary shares to directors and employees of the Company. Of the 3,480,000 options granted, 1,500,000 options have been granted to directors of the Company as set out below:
Yong Chian Tan (Chief Executive Officer in the PRC) 1,000,000 Albert S.F. Wong (Chief Financial Officer) 500,000
The options have been granted under the Company's existing share option scheme. The exercise price for all of the options granted is 7 pence per share, equivalent to the closing mid-market price on 8 June 2010. Half of the options will vest on the second anniversary of the date of grant and the remainder will vest on the third anniversary of the date of grant. The options will be exercisable at any time from the respective date of vesting and up to 9 June 2020.
As at the date of this announcement, Mr Tan and Mr Wong are interested in:
Yong Chian Tan 2,056,085 ordinary shares 400,000 options exercisable at 11p 1,000,000 options exercisable at 7p Albert S.F. Wong 360,969 ordinary shares 400,000 options exercisable at 11p 500,000 options exercisable at 7p
Following the issue of the options detailed above, there are options outstanding over 5,120,000 ordinary shares, equivalent to 7.44 per cent of the issued voting share capital of the Company.
As at the date of this announcement the Company has 68,834,388 ordinary votingshares in issue.Enquiries:Walcom Group Ltd +852 2494 0133
Francis Chi (Chief Executive Officer) Albert Wong (Chief Financial Officer) Merchant John East Securities Limited +44 20 7628 2200
Bidhi Bhoma / Virginia Bull About Walcom:
Walcom is a China Based manufacturer and distributor of `clean' animal fees additives. Walcom's products are based on Cysteamine, a natural metabolite generated in animals' bodies which participates in animals' physiological `growth axis' to stimulate the animals' natural growth hormone level. The Company's feed additives improve the health of the animals, reduce mortality rates, shorten the time taken to reduce maturity, increase the protein content in animal food products, increase egg laying and reduce eggshell breakage and build resistance to disease. Walcom's feed additives are `non hormonal', `non antibiotic' and `non gene-altering'.
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