Issue of Options
30 November 2010 - 6:26PM
UK Regulatory
TIDMZEST
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 | | |
| +44 (0) 440 0640 | | |
| W.H. Ireland | | |
| James Joyce | | |
| +44 (0) 207 220 | | |
| 1666 | | |
+--------------------+--------------------+--------------------+
| | | |
+--------------------+--------------------+--------------------+
| | | |
+--------------------+--------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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