Information  X 
Enter a valid email address

AquaSource (AAGP)

  Print      Mail a friend

Thursday 26 January, 2012

AquaSource

Issue of Equity

Issue of Equity

AquaSource Algae Group

AquaSource Algae Group Plc

(“AquaSource”)

AquaSource Grants Share Options to Directors & Others

On the 20th January 2012, the Company granted the following options over new Ordinary Shares of €0.0025 each in the Company at an exercise price of £0.015 per share, being their current market price.

 

No. of

New
Options
Granted

 

No. of
Options
cancelled
or lapsed

 

Net
Increase
in New
Options
Granted

 

Total
Options
Now
Under
Grant

Directors
Ratan Daryani 550,000 (450,000) 100,000 550,000
Eamon Delahunt 150,000 (150,000) 0 150,000
Sian Lewis 500,000 0 500,000 500,000
Oliver Spurling 420,000 0 420,000 420,000
1,620,000 (600,000) 1,020,000 1,620,000
 
Staff Scheme 260,000 260,000
Network Leaders’ & Consultants’ Scheme 865,000    

865,000

Total Grant 2,745,000 (600,000) 2,145,000 2,745,000
 

300,000 of the new Options granted to Mr Daryani are exercisable at any time between the date of grant and 31st October 2016. All other new options are exercisable at any time between the 20th January 2013 and the 31st October 2016, and if exercised all the new shares issued will rank pari passu in all respects with existing Ordinary Shares.

The net number of new Options granted represent 3.6% of the current issued share capital of the Company. The total number of Options now under grant is 2,745,000, representing 4.7% of the issued share capital, of which the Directors hold 1,620,000, being 2.8% of the issued share capital.

The Directors of AquaSource accept responsibility for this announcement.

ENDS

Enquiries:

Sian Lewis     AquaSource     ++385-911-324270
Oliver Spurling AquaSource 07769 647617
Stephen Foale Fletcher Foale 07769 937708
 


a d v e r t i s e m e n t