Grant of Options

RNS Number : 2407C
Oxford Catalysts Group PLC
12 April 2013
 



12th April 2013

 

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group")

 

Grant of Options

 

Oxford Catalysts Group PLC announces the issuance of share options today to Executive Directors as part of the Company's Long Term Incentive Plan. Under this plan, options are awarded based on performance; vesting occurs over a three year period and options expire 10 years following date of grant.

 

The awards are as follows:

 

 

(i) Susan Robertson, Chief Financial Officer, was granted 628,662 options over ordinary shares of £0.01 each in the Company ("Ordinary Shares") at an exercise price of 159 pence per share representing in total approximately 0.5% of the current issued Ordinary Shares. Following this grant, Susan Robertson holds 304,874 Ordinary Shares (representing approximately 0.3% of the current issued Ordinary Shares) and has options over 1,905,743 Ordinary Shares (representing approximately 1.6% of the current issued Ordinary Shares) and;

 

 

(ii) Roy Lipski, Chief Executive Officer, was granted 1,408,203 options over ordinary shares of £0.01 each in the Company ("Ordinary Shares"), representing approximately 1.2% of the current issued Ordinary Shares, at an exercise price of 159 pence per share. Following this grant, Roy Lipski holds 2,417,098 Ordinary Shares (representing approximately 2.1% of the current issued Ordinary Shares) and has options over 4,046,203 Ordinary Shares (representing approximately 3.5 % of the current issued Ordinary Shares).

 

 

- Ends -

 

For further information, please contact:

 

Oxford Catalysts

Roy Lipski, CEO

Susan Robertson, CFO

 

     +1 614 733 3300

     +44 (0)1235 841700

 

Lionsgate Communications

Jonathan Charles / Jessica Johnson

 

+44 (0)7791 892509

 

Cenkos Securities (Nomad and Joint Broker)

Ken Fleming / Neil McDonald

 

+44 (0)20 7397 8900

+44 (0)131 220 9772

Numis Securities (Joint Broker)

Alex Ham

+44 (0)20 7260 1000

 

 

Notes to Editors

 

Oxford Catalysts enables Gas-to-Liquids (GTL) plants to convert unconventional, remote and problem gas into valuable liquid fuels. Systems based on the Group's technology (marketed under the brand name Velocys) are significantly smaller than those using conventional technology, enabling modular plants that can be deployed cost effectively in remote locations and on smaller fields than is possible with competing systems. Together with world-class partners, Oxford Catalysts provides complete smaller scale modular GTL solutions that address an untapped market of up to 25 million barrels of fuel a day.

 

Oxford Catalysts Group PLC is listed on the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 85 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

 

www.oxfordcatalysts.com

www.velocys.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSBGGDSDGBBGXD

Companies

Velocys plc (VLS)
UK 100

Latest directors dealings