Grant of Options

RNS Number : 4076A

OPG Power Ventures plc

22 December 2014

 



22 December 2014

OPG POWER VENTURES plc

(the "Company", "Group" or "OPG")

GRANT OF OPTIONS

OPG Power Ventures plc, the developer and operator of group captive power plants in India, announces that the Board, on 19^th December 2014, granted options over new ordinary shares in the Company to directors as detailed below in accordance with the Group's Share Options Scheme as previously approved in July 2009 ("the 2009 Scheme"), as indicated in the Company's admission document dated 23 May 2008.

The exercise price of these options is 60 pence, they are exercisable between one and ten years from the date of grant and vesting is subject to the achievement of performance conditions previously decided upon by the Remuneration Committee.

The grants of options under the 2009 Scheme are as follows:

Director	Number  of options awarded	Percentage of existing issued share capital
M.C. Gupta	250,000	0.07
R. Gupta	250,000	0.07
V. Narayan Swami	250,000	0.07
M. Grasby	250,000	0.07
Total	1,000,000	0.28

Enquiries:

OPG Power Ventures PLC	[phone]
Arvind Gupta (Managing Director)	[phone] [phone] [phone]
V. Narayan Swami (Finance Director)	[phone] [phone]
Martin Gatto (Senior Non Executive Director)	[phone]
Cenkos Securities (Nominated Adviser & Broker)	[phone]
Stephen Keys / Mark Connelly
Tavistock Communications Financial Public Relations)	[phone]
Simon Hudson / James Collins

 

END

 

 

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