Grant of Share Options – 22/10/2010
Grant of Share Options – 22/10/2010
|
Press Release |
22 October 2010 |
Pan Pacific Aggregates plc
(“PPA” or the “Company”)
Grant of Share Options
Pan Pacific Aggregates plc (AIM:PPA), an operator of quarries in British Columbia, announces that on 21 October 2010 (“Grant Date”), the Board of Directors granted 90,000,000 options over ordinary shares of £0.001 in the Company (“Ordinary Shares”), under the Company’s Unapproved Share Option Scheme No. 2 (“Unapproved Scheme”) to executive directors and employees. The options have an exercise price of 0.4 pence per Ordinary Share and are exercisable before 21 October 2015. The options granted by the Board relate to 3.8 per cent. of the total issued share capital of the Company.
The table below sets out details of the 79,500,000 options issued to the following directors of the Company.
|
Name |
No of Ordinary Shares under Option |
Option Price |
Latest Exercise Date |
Vesting Schedule |
|
William Voaden |
24,750,000 |
0.4p |
21.10.15 |
From Grant Date |
|
Euan McAlpine |
24,750,000 |
0.4p |
21.10.15 |
From Grant Date |
|
Thomas Masney |
22,500,000 |
0.4p |
21.10.15 |
From Grant Date |
|
Anton Schrafl |
3,750,000 |
0.4p |
21.10.15 |
From Grant Date |
|
David Shaw |
3,750,000 |
0.4p |
21.10.15 |
From Grant Date |
- Ends -
For further information:
|
Pan Pacific Aggregates plc |
|
|
William Voaden, Managing Director |
Tel: +44 (0) 20 7398 7715 |
Nomad and Joint Broker:
|
Matrix Corporate Capital LLP |
|
|
Louis Castro / Tim Graham |
Tel: +44 (0) 20 3206 7000 |
Joint Broker:
|
XCAP Securities PLC |
|
|
John Grant / Tim Burge / David Newton |
Tel: +44(0) 20 7101 7070 |
|
VSA Capital Limited |
|
|
Andrew A Monk |
Tel: +44 (0) 20 7096 9580 |
Media enquiries:
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Abchurch Communications Limited |
|
|
Henry Harrison-Topham / Nick Probert |
Tel: +44 (0) 20 7398 7715 |
This information is provided by RNS