16th Jul 2009 07:00
HYDRODEC GROUP PLC ("Hydrodec" or the "Company")
Non-executive directors Options
16th July 2009
The following options over ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") were issued to Non-executive directors today;
Gill Leates
|
Date of Grant |
Options over Ordinary Shares |
Exercise price per Option Share |
Vesting date |
Expiry Date |
|
16 July 2009 |
500,000 |
15 pence |
See below |
16 July 2019 |
The above options will become exercisable should the Hydrodec share price (adjusted for any subsequent equity issues) reach 30p.
Neil Gaskell
|
Date of Grant |
Options over Ordinary Shares |
Exercise price per Option Share |
Vesting date |
Expiry Date |
|
16 July 2009 |
2,200,000 |
15 pence |
See below |
16 July 2019 |
1,100,000 of the above options will become exercisable should the Hydrodec price (adjusted for any subsequent equity issues) reach 30p. The remaining 1,100,000 options will become exercisable should the Hydrodec price (adjusted for any subsequent equity issues) reach 45p.
These options were granted under the Company's Share Option Scheme.
Gill Leates and Neil Gaskell have agreed not to sell any shares arising as a result of exercise of options for the period of their appointment as a Director of the Company, subject to certain exemptions.
For further information please contact:-
Hydrodec Group plc +61 2 6382 5387
Mark McNamara, CEO
John Dickson, Finance Director
Numis Securities Limited +44 20 7260 1000
Nominated Adviser: Simon Blank
Corporate Broker: David Poutney / Alex Ham
Curve PR +44 20 8742 1597
Emma Davis +44 7764 197003
Related Shares:
HYR.L