New Share Option Scheme and Grant of Options

07 January 2016

Concha PLC (AIM: CHA), is pleased to announce that it has adopted a new unapproved share option scheme, the Concha PLC 2016 Unapproved Share Option Incentive Scheme ("the Scheme").

Yesterday, the Remuneration Committee also authorised the grant of options, over an aggregate of 85,000,000 new Ordinary Shares at an exercise price of 1.18p per Ordinary Share, pursuant to the New Scheme, based on the average mid-market closing price for the previous five business days.

This aggregate figure includes grants of options to each of the following directors:

Name Number of options
Chris Akers 40,000,000
Peter Read 30,000,000
Mark Horrocks 15,000,000

The options granted to the Directors, effective today, can be exercised at any time after the completion of the Company's next substantial investment, which would require announcement under the AIM Rules for Companies, and will lapse a maximum of three years after the date of grant.

 

For further information, please contact:

Concha plc
Chris Akers, Executive Chairman

chris.akers@srgplc.com
   
SPARK Advisory Partners Limited  (Nominated Adviser)
Sean Wyndham-Quin / Mark Brady
+44 (0) 203 368 3550
   

 

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