TIDMHAL TIDMHALO

RNS Number : 9618G

HaloSource Inc

10 March 2015

 
 10 March 2015

HaloSource, Inc.

("HaloSource" or the "Company")

Directors' Dealing

HaloSource Inc. (HAL.LN, HALO.LN), the global clean water technology company traded on London's AIM, today announces the vesting of Stock Options granted to Executive Directors of the Company.

In respect of Martin Coles, 50,000 Stock Options will vest immediately, and a further 50,000 Stock Options will vest over the next three years. In respect of James Thompson, 50,000 Stock Options will vest immediately, and a further 50,000 Stock Options will vest over the next three years. The Stock Options will be exercisable at $0.104 for a total value of $10,400 to each Executive Director over the next three years.

The Company announced on 8 May 2014 that 200,000 Stock Options had been granted each to Martin Coles and James Thompson. The Stock Options would vest if certain performance criteria, based upon the financial performance of the Company for the 12 month period ended 31 December 2014, were met. The Compensation Committee of the Company, as permitted by the rules pursuant to which the Stock Options were granted, have waived these conditions in respect of 50% of the Stock Options granted on 8 May 2014 and therefore allowed them to vest, to recognise that one of the two financial performance conditions was substantially achieved, and to provide an ongoing incentive to Executive Directors and members of senior management.

Following this issuance, the Company has 5,793,338 options outstanding, 567,813 common warrants outstanding and 220,231,404 common shares outstanding.

Enquiries:

 
 HaloSource 
 Jerry Wetherbee, Chairman of the Board       +1 425 974 1961 
 Martin Coles, Chief Executive Officer        +1 425 974 1991 
 James Thompson, Chief Financial Officer      +1 425 974 1993 
 
 Liberum Capital (NOMAD and Broker) 
 Richard Bootle/Jill Li/Steve Pearce          +44 203 100 2222 
 
 Allenby Capital (Joint Broker) 
 Chris Crawford/Kat Perez                     +44 203 328 5656 
 
 Newgate (Financial PR)                       +44 207 680 6550 
 James Benjamin/Georgia Lewis/Andre Hamlyn    halosource@newgatecomms.com

About HaloSource

HaloSource, Inc. creates innovative solutions for water purification that serve people, preserve the planet and protect our most valuable resource. The Company works with scientists and industry experts across the globe in search of new ways to improve water quality and has been awarded more than 70 patents for its ground breaking chemistries, which provide effective and environmentally responsible solutions to the growing issue of water stress.

Founded in Seattle, Washington, HaloSource has grown to become an influential leader in three market segments: drinking water, recreational water, and environmental water treatment and remediation. HaloSource is headquartered in the US with operations in China and in India. Learn more about the Company's research and development and future cutting edge technologies by visiting www.halosource.com.

HaloKlear, HaloPure, SeaKlear and HaloShield are either trademarks or registered trademarks of HaloSource, Inc. All other trademarks, brand names or product names belong to their respective holders.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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