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29 Jan 2014 07:00
29 January 2014
ZincOx Resources plc
("ZincOx" or the "Company")
Options Granted
ZincOx Resources plc (AIM: ZOX), the developer of Asia's largest zinc recycling project, announces that on 28 January 2014 the directors of the Company had been granted options to subscribe for ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a subscription price of 24.50 pence per Ordinary Share. The number of ordinary shares under option and performance share plan awards ("PSPs") granted to each director are as follows:
Name of Director | Company Share Option Plan | Executive Share Option Plan | Performance Share Plan (PSP) | Total held following grant |
Andrew Woollett | 122,440 |
| 3,877,560 | 4,515,854 |
Simon Hall | 122,440 |
| 1,277,560 | 1,731,318 |
Jacques Dewalens |
| 1,400,000 |
| 1,500,000 |
All options granted are subject to a three year vesting period and the satisfaction of a performance condition before they can be exercised.
A total of 10,400,000 options and PSPs were granted under the above schemes, representing 7.67% of the issued share capital. The total number of options and PSPs in issue, following the grant, are 12,993,874, representing approximately 9.58% of the issued share capital.
The Remuneration Committee of the Board considers that the award of these options is in line with the Company's policy of providing incentives to its senior management as part of its objective of becoming a major zinc recycling company.
For more information please contact:
ZincOx Resources plc | Tel: +44 (0) 1276 45 0100 |
Andrew Woollett, Executive Chairman |
|
Peel Hunt LLP (Nominated Adviser and Joint Broker) | Tel: +44 (0) 207 418 8900 |
Richard KaufferDaniel Harris Matthew Brooke-Hitching |
|
finnCap Limited (Joint Broker) | Tel: +44 (0) 207 220 0500 |
Matthew RobinsonJoanna Weaving |
|
Tavistock Communications (Financial PR) | Tel: +44 (0) 207 920 3150 |
Simon Hudson Nuala Gallagher |
|
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