4th Nov 2009 07:00
4th November 2009
OXFORD CATALYSTS GROUP PLC
("Oxford Catalysts" or "the Group" or "the Company")
Grant of Options
Oxford Catalysts Group PLC announces the issuance of share options to Executive Directors as part of the Group's Long Term Incentive Plan ("LTIP").
Under the terms of the LTIP, the options will vest as of 31st January 2012. The number of options that vest, if any, will be determined according to performance criteria that have been set by the Remuneration Committee. The performance criteria are designed to measure commercial and financial progress of the Group, against results achieved as at 31st December 2011.
The awards are as follows:
(i) Susan Robertson, Chief Financial Officer, was granted options over 300,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") (representing approximately 0.49% of the current issued Ordinary Shares) at an exercise price of 1 pence per share. Following this grant, Susan Robertson owns 183,513 Ordinary Shares in the Company (representing approximately 0.30% of the current issued Ordinary Shares) and has options over 446,559 (representing approximately 0.73% of the current issued Ordinary Shares); and
(ii) Roy Lipski, Chief Executive Officer, was granted options over 400,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") (representing approximately 0.65% of the current issued Ordinary Shares) at an exercise price of 1 pence per share. Following this grant, Roy Lipski owns 757,139 Ordinary Shares in the Company (representing approximately 1.24% of the current issued Ordinary Shares) and has options over 2,112,425 (representing approximately 3.45% of the current issued Ordinary Shares).
- Ends -
For further information, please contact:
|
Roy Lipski, CEO, Oxford Catalysts |
01235 841 700 |
|
Jonathan Marren/Oliver Stratton, KBC Peel Hunt (Nomad & Broker) |
020 7418 8900 |
|
Billy Clegg/Alex Beagley, Financial Dynamics |
020 7831 3113 |
Related Shares:
VLS.L