Business
Directors' Disclosure
Directors' Disclosure.
About this update from Iofina Plc
[{"type":"text","content":"\n \nRNS Number : 2260U Iofina PLC 29 November 2013 \n \n\n29 November 2013\n \nIofina plc\n(\"Iofina\" or the \"Company\")\n(LSE AIM: IOF)\n \nDirectors' Disclosure\n \nIofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, announces a change in the beneficial ownership in the share capital of the Company for George Lantz, Chief Executive Officer, and Jeff Ploen, Non-Executive Deputy Chairman.\n \nJ. Paul Consulting, Inc. (a company in which Jeff Ploen has the sole beneficial interest) has granted to Mr Lantz 125,000 options over such number of ordinary shares in the capital of the Company held by J. Paul Consulting, Inc. with an exercise price per share of £1.51, being the closing share price on the day Mr Lantz joined the Company, with 33.3% of such options vested at grant date, and 33.3% to vest at each of 19 September 2014 at 19 September 2015.\n \nLance Baller, the former Chief Executive Officer of IOF, has granted to Mr Lantz 125,000 options over such number of ordinary shares in the capital of the Company held by Mr Baller with an exercise price per share of £1.51, being the closing share price on the day Mr Lantz joined the Company, with 33.3% of such options vested at grant date, and 33.3% to vest at each of 19 September 2014 at 19 September 2015.\n \nFollowing the grant of options the revised holdings of Mr Lantz and Mr Ploen are set out below:\n \n\n\n\n\nDirector\n\n\nNumber of Shares\n\n\n% of issued share capital\n\n\nTotal Number of Shares Under Option\n\n\nExercise Price\n\n\n\n\nGeorge Lantz\n\n\n26,433\n\n\n0.02\n\n\n500,000\n\n\n151p\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJeff Ploen\n\n\n9,400,000*\n\n\n7.39\n\n\nNil\n\n\n\n\n\n\n\n* Includes 1,200,000 Shares held by J Paul Consulting, Inc.\n \nEach of J Paul Consulting, Inc. and Lance Baller is prohibited from selling the aforementioned number of shares as are required to satisfy their undertaking to Mr Lantz. The Company is not a party to the arrangements agreed between Mr Ploen, Mr Baller and Mr Lantz respectively, both of which are private transactions agreed between them.\n \n \nFor further information, please contact:\n \nGary Gatchell, Finance Director\nTel: +44 (0) 20 3006 3135\nSimon Holden, Company Secretary\n...