Grant of Options

RNS Number : 2407C

Oxford Catalysts Group PLC

12 April 2013

 



12th April 2013

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group")

Grant of Options

Oxford Catalysts Group PLC announces the issuance of share options today 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 628,662 options over ordinary shares of £0.01 each in the Company ("Ordinary Shares") at an exercise price of 159 pence per share representing in total approximately 0.5% 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 1,905,743 Ordinary Shares (representing approximately 1.6% of the current issued Ordinary Shares) and;

(ii) Roy Lipski, Chief Executive Officer, was granted 1,408,203 options over ordinary shares of £0.01 each in the Company ("Ordinary Shares"), representing approximately 1.2% of the current issued Ordinary Shares, at an exercise price of 159 pence per share. Following this grant, Roy Lipski holds 2,417,098 Ordinary Shares (representing approximately 2.1% of the current issued Ordinary Shares) and has options over 4,046,203 Ordinary Shares (representing approximately 3.5 % of the current issued Ordinary Shares).

- Ends -

For further information, please contact:

Oxford Catalysts Roy Lipski, CEO Susan Robertson, CFO	[phone]      [phone]
Lionsgate Communications Jonathan Charles / Jessica Johnson	[phone]
Cenkos Securities (Nomad and Joint Broker) Ken Fleming / Neil McDonald	[phone] [phone]
Numis Securities (Joint Broker) Alex Ham	[phone]

Notes to Editors

Oxford Catalysts enables Gas-to-Liquids (GTL) plants to convert unconventional, remote and problem gas into valuable liquid fuels. Systems based on the Group's technology (marketed under the brand name Velocys) are significantly smaller than those using conventional technology, enabling modular plants that can be deployed cost effectively in remote locations and on smaller fields than is possible with competing systems. Together with world-class partners, Oxford Catalysts provides complete smaller scale modular GTL solutions that address an untapped market of up to 25 million barrels of fuel a day.

Oxford Catalysts Group PLC is listed on the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 85 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com

www.velocys.com

 

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