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24 Jan 2013 07:00
24 January 2013
ZincOx Resources plc
("ZincOx" or the "Company")
Options Granted
ZincOx Resources plc (AIM: ZOX) announces that on 23 January 2013, 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 45 pence per ordinary share. The number of ordinary shares under option and PSPs granted to each director is as follows:
Name of Director | Company Share Option Plan | Executive Share Option Plan | Performance Share Plan (PSP) | Total held following grant |
Andrew Woollett | 66,667 |
| 833,333 | 1,556,936 |
Simon Hall | 66,667 |
| 533,333 | 931,318 |
Jacques Dewalens |
| 600,000 |
| 700,000 |
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 6,050,000 options and PSPs were granted under the above schemes, representing 5.8 per cent. of the issued share capital. The total number of options and PSPs in issue, following the grant, are 9,592,237, representing approximately 9.3 per cent. 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 the senior management of the Group to achieve its objective of becoming the world's leading recycler of zinc.
For more information please contact:
ZincOx Resources plc | Tel: +44 (0)1276 450 100 |
Andrew Woollett, Executive Chairman
| |
Peel Hunt LLP (Nominated Adviser and Joint Broker) | Tel: +44 (0)20 7418 8900 |
Richard Kauffer Daniel Harris | |
finnCap Limited (Joint Broker) Matthew Robinson Joanna Weaving
|
Tel: +44 (0)20 7220 0500 |
Tavistock Communications | Tel: +44 (0)20 7920 3150 |
Simon Hudson Jessica Fontaine
|
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