2nd Oct 2012 14:22
ENVIRONMENTAL RECYCLING TECHNOLOGIES PLC
(AIM: ENRT)
Grant of Options
Environmental Recycling Technologies Plc ("ERT" or "the Company") announces that it has granted the following options over ordinary shares of 2.5 pence in the Company to Lee Clayton ("the New Options"):
Name of Director | Position | Number of old options held | Number of New Options granted | Total options held following grant |
Lee Clayton | Chief Operating Officer | 1,000,000 | 4,000,000 | 5,000,000 |
The New Options granted today to Lee Clayton are exercisable until 2 October 2015 and have been granted with an exercise price at the nominal value of 2.5 pence representing a 29 per cent. premium to the closing mid market price on 1 October 2012 of 1.93 pence.
ENQUIRIES:
Environmental Recycling Technologies Plc | Tel: 0845 071 1394 |
Roger Baynham (Managing Director) | |
Ken Brooks (Chairman) | |
WH Ireland Limited John Wakefield/Marc Davies | Tel: 0117 945 3470 |
Notes:
Environmental Recycling Technologies plc (ERT) is a leading developer of innovative technologies specifically focusing on plastic waste recycling. The company holds the worldwide intellectual property rights to the Powder Impression Moulding (PIM) Process.
Related Shares:
ENRT.L