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Correction: Director Dealings

21st Jun 2012 17:23

RNS Number : 9164F
HaloSource Inc
21 June 2012
 



For Immediate Release

21 June 2012

 

HaloSource, Inc.

("HaloSource" or "the Company")

 

Correction: Director Dealings

 

The announcement released had an inaccuracy in relation to Kent Johnson's shareholding.

 

Please see the corrected announcement below.

 

HaloSource, Inc.

("HaloSource" or "the Company")

 

Director Dealings

 

HaloSource, Inc. ("HaloSource" or "the Company") (HALO.LN), the clean water and antimicrobial technology company, today announces the award of Restricted Stock Grants to Non-Executive Directors of the Company.

 

As described in its Admission Document, the Company pays some of its Directors and Non-Executive Directors their salaries in a mix of cash, Stock Options and Restricted Stock Grants (RSGs) in order to align Director and shareholder interests. The Company has issued RSGs as follows:

 

RSGs

Interests following grant (shares/RSGs)

Jerry Wetherbee

59,210

330,739 shares/59,210 RSGs

Michael Ducey

59,210

132,364 shares/59,210 RSGs

Massoud Entekhabi

59,210

15,896 shares/59,210 RSGs

Kent Johnson

59,210

717,438 shares/59,210 RSGs

Alan Matthews

59,210

15,896 shares/59,210 RSGs

 

RSGs are shares which are issued by the Company but which do not vest in the owner until certain conditions are met and may be bought back by the Company if services are not rendered. RSGs and Stock Options are issued as part of the Company's 2010 Share Option Scheme. All the shares will be "affiliate shares" and subject to certain restrictions on transfer in accordance with US securities laws; they may not be transferred at all within a year and after a year may only be transferred in accordance with Rule 144 of the US Securities Act, 1933.

 

Following this issuance the Company has 5,121,526 options outstanding, 574,343 common warrants outstanding and 76,306,649 common shares outstanding.

 

For further information contact:

 

HaloSource

James Thompson, Chief Financial Officer and Director

+1 425 974 1993

Company PR- Buchanan

Charles Ryland/Suzanne Brocks/Catherine Breen

+44 207 466 5000

Company NOMAD- Liberum Capital Limited

Simon Atkinson/Richard Bootle

+44 20 3100 2222

Notes to Editors

 

About HaloSource

HaloSource is a global clean water technology company headquartered in Seattle, Washington U.S.A. and is focused on the provision of cleaner, clearer and safer water using its proprietary technologies across four platforms:

 

·; HaloKlear™ products employ natural bio-polymers to provide water clarification on an industrial scale with dramatic reductions in ecological impact

·; HaloPure® became the first drinking water technology in 30 years to be registered by the United States Environmental Protection Agency ("USEPA"). In 2010, HaloPure® was approved by China's Ministry of Health ("MOH") and widely recognized as the world's most stringent performance requirements for water purification, a key differentiator for our multi-national partners

·; SeaKlear® Pool and Spa treatment products bring both natural bio-polymers and antimicrobial applications for treating recreational water

·; HaloShield® products consist of antimicrobial coatings solutions that employ unique technology that binds chlorine-based bleach to textiles such as sheets, lab coats and towels for use as a non-toxic biocide. www.halosource.com

 

HaloKlear, HaloPure, SeaKlear and HaloShield are either trademarks or registered trademarks of HaloSource, Inc.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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