22nd Nov 2012 08:30
22 November 2012
UMC Energy PLC
("UMC Energy" or the "Company")
Grant of Options
UMC announces that the Company has granted options to subscribe for an aggregate of 14,900,000 new ordinary shares in the Company to directors, staff and consultants. The options, which vest upon grant, expire on 31 October 2017 and may be exercised at any time up to their expiry date (save that under the plan, unless exercised, the options expire 180 days from the date the grantee ceases to be a participant under the option plan). The options have an exercise price of 16.5p per ordinary share.
The following grants of Options to Directors were made:
Name | Options granted | Total options over ordinary shares |
Chrisilios Kyriakou | 3,000,000 | 3,000,000 |
Chris Hart | 3,000,000 | 3,000,000 |
Jonathan Reynolds | 1,500,000 | 1,500,000 |
Robert Cleary | 750,000 | 750,000 |
Roger Shakesby | 750,000 | 750,000 |
- ENDS -
Enquiries:
UMC Energy Plc Chrisilios Kyriakou, Chairman
| +44(0) 20 7290 3102 |
Strand Hanson Limited Angela Hallett / James Spinney
| +44 (0) 20 7409 3494 |
HD Capital Partners LLP Philip Haydn-Slater / Paul Dudley
| +44 (0) 20 3551 4870
|
Related Shares:
UEP.L