Grant of Options and Prospectus Update

RNS Number : 7495Y

Challenger Acquisitions Limited

10 September 2015

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

For Immediate Release

                                                                                                                         10 September 2015

Challenger Acquisitions Limited

("Challenger" or the "Company")

Grant of options and prospectus update

Challenger Acquisitions Limited (LSE: CHAL), a company actively engaged in the attractions sector, is pleased to announce that on 8 September 2015, options to acquire 730,000 Ordinary Shares ("Options") were granted to the directors of the Company. 

The Options were granted by Challenger pursuant to individual option letters.  These Options have an exercise price of 40 pence, and are exercisable in the following tranches; 25% as from the date of grant and 25% every twelve months thereafter (and are therefore fully vested after three years).  They cannot be exercised after 8 September 2020 (the 5^th anniversary of grant).

The total of 730,000 Options were allocated as follows:

Name	Position	Total number of shares over which  Options are held
Mark Gustafson	Director and Chairman	280,000
Markus Kameisis	Director and CFO	250,000
Gert Rieder	Director	200,000

As previously announced, the Company is in the process of preparing and finalizing a prospectus in relation to the Reverse Takeover announced by the Company on 26 May 2015 and seeking re-admission of its ordinary shares to a standard listing of the Official List and to trading on the London Stock Exchange as soon as practicable. Subject to agreeing the eligibility with the UKLA and the publication of such prospectus, it is envisaged that the existing listing will be cancelled and the enlarged issued share capital will be admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange.

The total number of ordinary shares in issue and the total number of voting rights in the Company is 13,079,889. There are no shares held in treasury.

The total number of ordinary shares under option is 1,345,000 representing approximately 9.32% of the total shares outstanding and under option.

The above figure of 13,079,889 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This notification relates to a transaction notified in accordance with DTR 3.1.2 R.

For more information:

Challenger Acquisitions Limited	www.challengeracquisitions.com
Mark Gustafson, Executive Chairman	[phone]
Beaumont Cornish Limited (Financial Adviser)
Roland Cornish	[phone]

 

END

 

 

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