Grant of options

RNS Number : 7580P
Oxford Catalysts Group PLC
31 March 2009
 



31st March 2009


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 in lieu of annual bonus payments for achievement against performance targets that were set by the Remuneration Committee for calendar year 2008.


As indicated in the AIM admission document dated 3 November 2008 (page 27, 12a), it is the current intention of the Remuneration Committee to use nominal value exercise price options as part payment of annual performance bonuses, so as to reduce the cash burden on the Company.


The awards are as follows:


(i) Susan Robertson, Chief Financial Officer, was granted £46,350's worth of share options as at the mid market closing price on 30-March-09 of £0.475 ('Mid Market Price') (which translates into 97,579 options over ordinary shares of £0.01 each in the Company ('Ordinary Shares')representing approximately 0.16% of the current issued Ordinary Shares), at an exercise price of 1 pence per share. Following this grant, Susan Robertson holds 320,472 options over Ordinary Shares (representing approximately 0.54% of the current issued Ordinary Shares); and

 

(ii) Roy Lipski, Chief Executive Officerwas granted £173,813's worth of share options as at the Mid Market Price (which translates into 365,921 options over Ordinary Shares, representing approximately 0.61% of the current issued Ordinary Shares), at an exercise price of 1 pence per share. Following this grant, Roy Lipski holds 2,370,292 options over Ordinary Shares (representing approximately 3.97% of the current issued Ordinary Shares).


- Ends -


For further information, please contact:


Roy Lipski, CEO, Oxford Catalysts

 

01235 841 700

Jonathan Marren/Oliver Stratton, KBC Peel Hunt (Nomad & Broker)

 

020 7418 8900

Billy Clegg/Alex Beagley, Financial Dynamics

020 7831 3113





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