26th Jan 2010 15:14
26 January 2010
ZincOx Resources plc
("ZincOx" or "the Company")
Directors Granted Options
ZincOx announces that the directors of the Company were today granted options to subscribe for ordinary shares of 25 pence each in the Company. The options were granted under the Executive Share Option Plan ("ESOP") and Performance Share Plan ("PSP") adopted by the Company on 16 January 2009. The number of ordinary shares under option granted to each director is as follows:
|
Name of Director |
Executive Share Option Plan (Exercise price: 50.25p per share) |
Performance Share Plan |
|
Andrew Woollett |
- |
121,814 |
|
Peter Wynter Bee |
- |
121,814 |
|
Simon Hall |
- |
102,580 |
|
Simon Mulholland |
- |
89,758 |
|
Jacques Dewalens |
89,758 |
- |
|
Total |
89,758 |
435,966 |
The ESOP is the scheme used by the Company for granting options to employees overseas.
The PSP is the option scheme used by the Company for incentivising senior executives and directors. All the options granted are subject to a three year vesting period and the satisfaction of a performance condition before they can be exercised.
A further 855,263 options were granted to employees (and consultants) of the Company who are not directors. A total of 1,380,987 options were granted by the Company.
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
Related Shares:
Zincox Resources Plc