9 June 2010
Walcom Group Limited
("Walcom" or the "Company")
Issue of share options
The Company announces that it has today granted options over 3,480,000 ordinary
shares to directors and employees of the Company. Of the 3,480,000 options
granted, 1,500,000 options have been granted to directors of the Company as set
out below:
Yong Chian Tan (Chief Executive Officer in the PRC) 1,000,000
Albert S.F. Wong (Chief Financial Officer) 500,000
The options have been granted under the Company's existing share option scheme.
The exercise price for all of the options granted is 7 pence per share,
equivalent to the closing mid-market price on 8 June 2010. Half of the options
will vest on the second anniversary of the date of grant and the remainder will
vest on the third anniversary of the date of grant. The options will be
exercisable at any time from the respective date of vesting and up to 9 June
2020.
As at the date of this announcement, Mr Tan and Mr Wong are interested in:
Yong Chian Tan 2,056,085 ordinary shares
400,000 options exercisable at 11p
1,000,000 options exercisable at 7p
Albert S.F. Wong 360,969 ordinary shares
400,000 options exercisable at 11p
500,000 options exercisable at 7p
Following the issue of the options detailed above, there are options
outstanding over 5,120,000 ordinary shares, equivalent to 7.44 per cent of the
issued voting share capital of the Company.
As at the date of this announcement the Company has 68,834,388 ordinary voting
shares in issue.
Enquiries:
Walcom Group Ltd +852 2494 0133
Francis Chi (Chief Executive Officer)
Albert Wong (Chief Financial Officer)
Merchant John East Securities Limited +44 20 7628 2200
Bidhi Bhoma / Virginia Bull
About Walcom:
Walcom is a China Based manufacturer and distributor of `clean' animal fees
additives. Walcom's products are based on Cysteamine, a natural metabolite
generated in animals' bodies which participates in animals' physiological
`growth axis' to stimulate the animals' natural growth hormone level. The
Company's feed additives improve the health of the animals, reduce mortality
rates, shorten the time taken to reduce maturity, increase the protein content
in animal food products, increase egg laying and reduce eggshell breakage and
build resistance to disease. Walcom's feed additives are `non hormonal', `non
antibiotic' and `non gene-altering'.
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