7 Jan 2016 07:00
Concha PLC("Concha" or the "Company")
New Share Option Scheme and Grant of Options
Concha PLC (AIM: CHA), is pleased to announce that it has adopted a new unapproved share option scheme, the Concha PLC 2016 Unapproved Share Option Incentive Scheme ("the Scheme").
Yesterday, the Remuneration Committee also authorised the grant of options, over an aggregate of 85,000,000 new Ordinary Shares at an exercise price of 1.18p per Ordinary Share, pursuant to the New Scheme, based on the average mid-market closing price for the previous five business days.
This aggregate figure includes grants of options to each of the following directors:
Name | Number of options |
Chris Akers | 40,000,000 |
Peter Read | 30,000,000 |
Mark Horrocks | 15,000,000 |
The options granted to the Directors, effective today, can be exercised at any time after the completion of the Company's next substantial investment, which would require announcement under the AIM Rules for Companies, and will lapse a maximum of three years after the date of grant.
For further information, please contact:
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Concha PLC |
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Chris Akers, Executive Chairman | Chris.akers@srgplc.com |
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SPARK Advisory Partners Limited (Nominated Advisor) |
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Sean Wyndham-Quin/Mark Brady | +44 (0)20 3368 3550 |
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Concha (CHA)