01/10/2014 20:28:42 Free Membership Login

Grant of Options

Date : 04/03/2012 @ 5:06AM
Source : UK Regulatory (RNS & others)
Stock : Velocys (VLS)
Quote : 223.5  -1.5 (-0.67%) @ 11:35AM
Velocys share price Chart

Grant of Options

TIDMOCG

RNS Number : 7028A

Oxford Catalysts Group PLC

03 April 2012

3rd April 2012

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group")

Grant of Options

Oxford Catalysts Group PLC announces the issuance of share options to Executive Directors as part of the Company's Long Term Incentive Plan. Under this plan, options are awarded based on performance; vesting occurs over a three year period and options expire 10 years following date of grant.

The awards are as follows:

(i) Susan Robertson, Chief Financial Officer, was granted 639,803 options over ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") at an exercise price of 49 pence per share representing in total approximately 0.7% of the current issued Ordinary Shares. Following this grant, Susan Robertson holds 304,874 Ordinary Shares (representing approximately 0.3% of the current issued Ordinary Shares) and has options over 1,277,081 Ordinary Shares (representing approximately 1.4% of the current issued Ordinary Shares) and;

(ii) Roy Lipski, Chief Executive Officer, was granted 1,431,000 options over ordinary shares of GBP0.01 each in the Company ("Ordinary Shares"), representing approximately 1.6% of the current issued Ordinary Shares, at an exercise price of 49 pence per share. Following this grant, Roy Lipski holds 2,417,098 Ordinary Shares (representing approximately 2.7% of the current issued Ordinary Shares) and has options over 2,638,000 Ordinary Shares (representing approximately 2.9 % of the current issued Ordinary Shares).

- Ends -

For further information, please contact:

 
 Oxford Catalysts                        +44 (0)20 7831 
  Roy Lipski, CEO                         3113 
  Susan Robertson, CFO                    +1 614 733 3300 
                                         +44 (0)20 7397 
                                          8900 
 Cenkos Securities (Nomad and Broker)     +44 (0)131 220 
  Ken Fleming / Beth McKiernan            9772 
 FTI Consulting                          +44 (0)20 7831 
  Billy Clegg / Alex Beagley              3113 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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