Issue of Options

RNS Number : 1186X

Zest Group PLC

30 November 2010

 

30 November 2010

Zest Group Plc

("Zest" or the "Company")

                                                                 Issue of Options

Zest announces that it has issued options over a total of 98,000,000 ordinary shares in the Company to directors, staff and consultants to subscribe for new ordinary shares in the Company at an exercise price of 0.5 pence per share (compared to closing mid market price on 29 November 2010 of 0.44p) with a term of 10 years from the date of this announcement.

They have been issued to the Directors, staff , consultants and advisors as part of their remuneration arrangements with the Company and represent in aggregate 10.9% of the existing issued share capital. The options for the Directors have been issued as follows:

Richard Griffiths - options over 30,000,000 ordinary shares

David Lenigas - options over 30,000,000 ordinary shares

Enquiries:
Zest Group Plc David Lenigas [phone] W.H. Ireland James Joyce [phone]

 

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