Grant of Options

RNS Number : 6787O

Cubus Lux plc

02 July 2010

 



2 July 2010

Cubus Lux plc

("Cubus Lux" or the "Company")

Grant of Options

On 21 June 2010, the Company granted options to certain directors and employees over 4,780,000 new ordinary shares, in aggregate, at an exercise price of 14p per share and an expiry date of 21 June 2015.

The options granted to directors were as follows:

Director	New Options granted	Total options held	Current Shareholding	Percentage Shareholding
Gerhard Huber	2,000,000	2,200,000	3,216,662	16.7%
Steve McCann	1,000,000	1,130,000	30,000	0.2%
Christian Kaiser	500,000	600,000	2,251,605	11.7%
Leon Nahon	260,000	360,000	61,466	0.3%
Francisco Alvarez	260,000	260,000	0	0.0%
Eli Abramovich	260,000	360,000	24,000	0.1%

The granting of the options is deemed a related party transaction under the AIM Rules for Companies.  Michael Janssen, being the only independent director, having consulted with Astaire Securities plc, as the Company's nominated adviser, considers that the terms of the transaction are fair and reasonable in so far as the Company's shareholders are concerned.

For further information about the Company please see www.cubuslux.com or contact:

Cubus Lux plc	Steve McCann	[phone]
Astaire Securities plc (Nomad)	Antony Legge / Luke Cairns	[phone]
Hybridan LLP (Broker)	Claire Louise Noyce / Stephen Austin	[phone]
City Road Communications	Pam Spooner	[phone]

 

END

 

 

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