Directors Granted Options
January 22 2009 - 2:00AM
UK Regulatory
TIDMZOX
RNS Number : 0561M
ZincOx Resources PLC
22 January 2009
ZincOx Resources plc
Directors Granted Options
The Company announces that on 21 January 2009, the directors of the Company were
granted options to subscribe for ordinary shares of 25 pence each in the Company
at a subscription price of 33.5 pence per ordinary share. The options were
granted under the new share incentive plans approved at the Company's General
Meeting on 16 January 2009. The number of ordinary shares under option granted
to each director is as follows:
+-------------------+-----------------+-------------------+-------------------+
| Name of Director | Company Share | Executive Share |Performance Share |
| | Option Plan | Option Plan | Plan |
+-------------------+-----------------+-------------------+-------------------+
| Andrew Woollett | 89,500 | - | 60,500 |
+-------------------+-----------------+-------------------+-------------------+
| Peter Wynter Bee | 89,500 | - | 35,500 |
+-------------------+-----------------+-------------------+-------------------+
| Simon Hall | 89,500 | - | 500 |
+-------------------+-----------------+-------------------+-------------------+
| Simon Mulholland | 89,500 | - | 500 |
+-------------------+-----------------+-------------------+-------------------+
| Jacques Dewalens | - | 90,000 | - |
+-------------------+-----------------+-------------------+-------------------+
| Total | 358,000 | 90,000 | 97,000 |
+-------------------+-----------------+-------------------+-------------------+
All options granted are subject to a three year vesting period and the
satisfaction of certain performance conditions before they can be exercised.
A further 822,500 options were granted to employees of the Company who are not
directors. A total of 1,367,500 options were therefore granted under the above
schemes.
For more information please contact:
Andrew Woollett, ZincOx Resources plc
Tel: +44 (0) 1276 450100
John Harrison (Nominated Adviser), James Black (Corporate Broker), Numis
Securities
Tel: +44 (0) 20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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