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22 Jan 2009 07:00
ZincOx Resources plc
Directors Granted Options
The Company announces that on 21 January 2009, the directors of the Company were granted options to subscribe for ordinary shares of 25 pence each in the Company at a subscription price of 33.5 pence per ordinary share. The options were granted under the new share incentive plans approved at the Company's General Meeting on 16 January 2009. The number of ordinary shares under option granted to each director is as follows:
|
Name of Director |
Company Share Option Plan |
Executive Share Option Plan |
Performance Share Plan |
|
Andrew Woollett |
89,500 |
- |
60,500 |
|
Peter Wynter Bee |
89,500 |
- |
35,500 |
|
Simon Hall |
89,500 |
- |
500 |
|
Simon Mulholland |
89,500 |
- |
500 |
|
Jacques Dewalens |
- |
90,000 |
- |
|
Total |
358,000 |
90,000 |
97,000 |
All options granted are subject to a three year vesting period and the satisfaction of certain performance conditions before they can be exercised.
A further 822,500 options were granted to employees of the Company who are not directors. A total of 1,367,500 options were therefore granted under the above schemes.
For more information please contact:
Andrew Woollett, ZincOx Resources plc
Tel: +44 (0) 1276 450100
John Harrison (Nominated Adviser), James Black (Corporate Broker), Numis Securities
Tel: +44 (0) 20 7260 1000
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