| Grant of Options | |
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Draft 1
ZincOx Resources plc
("ZincOx" or the "Company")
Options Granted
ZincOx, the developer and operator of one of Asia's largest zinc recycling plants, announces that on
28 January 2015 the Directors of the Company and certain other employees were granted options to subscribe for ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a subscription price of 10 pence per Ordinary Share. The number of Ordinary Shares under option and performance share plan awards ("PSPs") granted to each director were as follows:
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Name of Director
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Executive
Share Option Plan
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Performance
Share Plan
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Total held
following grant
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Andrew Woollett
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392,000
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4,907,854
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Simon Hall
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313,500
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2,044,818
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Jacques Dewalens
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313,500
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1,813,500
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All options granted are subject to a three year vesting period and the satisfaction of a performance condition before they can be exercised.
A total of 2,937,500 options and PSPs were granted under the above schemes to Directors and employees, representing 1.77% of the issued share capital. The total number of options and PSPs in issue, following the grant, are 16,089,462, representing approximately 10% of the issued share capital.
The Remuneration Committee of the Board considers that the award of these options is in line with the Company's policy of providing incentives to its senior management as part of its objective of becoming a major zinc recycling company.
For more information please contact:
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ZincOx Resources plc
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Tel: +44 (0) 127 645 0100
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Andrew Woollett, Chief Executive Officer
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Peel Hunt LLP (Nominated Adviser and Joint Broker)
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Tel: +44 (0) 207 418 8900
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Daniel Harris
Euan Brown
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finnCap Limited (Joint Broker) Matthew Robinson
Joanna Weaving
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Tel: +44 (0) 207 220 0500
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Tavistock Communications (Financial PR) Simon Hudson
Nuala Gallagher
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Tel: +44 (0) 207 920 3150
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ZincOx Resources PLC
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CODE : ZOX.L |
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ISIN : GB0031124638 |
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ZincOx is a zinc producing company based in United kingdom. ZincOx holds various exploration projects in Canada. Its main exploration property is REMAC (REEVES / REDBIRD) in Canada. ZincOx is listed in United Kingdom. Its market capitalisation is GBX 102.2 millions as of today (€ 93.1 millions). Its stock quote reached its highest recent level on January 28, 2005 at GBX 97.50, and its lowest recent point on October 14, 2016 at GBX 0.30. ZincOx has 240 410 000 shares outstanding. |