Business
Grant of Options to Directors
Grant of Options to Directors.
About this update from Iofina Plc
[{"type":"text","content":"\n \nRNS Number : 7761S Iofina PLC 12 November 2013 \n \n\n12 November 2013\n \nIofina plc\n(\"Iofina\" or the \"Company\")\n(LSE AIM: IOF)\n \nGrant of Options to Directors\n \nIofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, announces that the Board has ratified and approved the grant of options, for nil consideration, to the following Directors:\n \nGary Gatchell - 300,000 options with an exercise price per share of £1.46, being the closing share price on the day Mr Gatchell joined the Company, with 33.3% of such options vested at grant date, and 33.3% to vest at each of 3 September 2014 and 3 September 2015.\n \nGeorge Lantz - 250,000 options 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 \nChristopher Fay - 250,000 options with an exercise price per share of £1.63, being the closing share price on the grant date, with 100% of such options vested at grant date.\n \nFollowing the grant of options the revised holdings of the Directors mentioned above are set out below:\n \n\n\n\n\nDirector\n\n\nNumber of Shares\n\n\n% of issued share capital \n\n\nNumber of Shares Under Option\n\n\nExercise Price\n\n\n\n\nGeorge Lantz (CEO)\n\n\n26,433\n\n\n0.02\n\n\n250,000\n\n\n151p\n\n\n\n\nGary Gatchell (Finance Director)\n\n\n-\n\n\n-\n\n\n300,000\n\n\n146p\n\n\n\n\nChristopher Fay (Non-Executive Chairman)\n\n\n1,250,000\n\n\n0.98\n\n\n100,000\n250,000\n250,000\n\n\n55p\n30p\n163p\n\n\n\n\n \nFollowing the grant of options as detailed above, the total number of vested and unvested options outstanding as of 12 November 2013 is 2,610,000 representing approximately 2.05% of the current issued share capital. As of 12 November 2013, there are 127,284,398 ordinary shares in issue.\n \nFor further information, please contact:\n \nGeorge Lantz, CEO\nTel: +44 (0) 20 3006 3135\nSimon Holden, Company Secretary\nTel: +44 (0) 7800 500 097\nIofina plcwww.iofina.com \n \nBen Colegrave/Chris Sim/James Rudd\nInvestec\nTel: +44(0)20 7597 5970\n \nMedia Contact:\nDominic Barretto/Anna Legge\nYellow Jersey PR Limited\nTel: +44(0) 7768 537 ...