Byotrol PLC Grant of Options (0630H)
06 Luglio 2012 - 8:00AM
UK Regulatory
TIDMBYOT
RNS Number : 0630H
Byotrol PLC
06 July 2012
6 July 2012
Byotrol plc
Grant of Options
The Board of Byotrol plc ('Byotrol' or 'the Company'), the
leading AIM listed anti-microbial hygiene company announces that it
has granted Gary Millar, Chief Executive, and Duncan Grosvenor,
Finance Director elect, Share Options ('Options') over 420,000
ordinary shares each, totalling 840,000 ordinary shares,
representing 0.59 per cent. of the issued share capital of the
Company, in accordance with the Company's Enterprise Management
Incentive Scheme upon the recommendation of the Company's
Remuneration Committee.
All the Options are exercisable at 6.75 pence per ordinary
share, based on the closing mid-market price of the Company's
shares yesterday.
Subject to the following performance conditions, the Options are
exercisable between 6 July 2013 and 5 July 2022. The performance
conditions attaching to these options are that:
-- 40 per cent. of the granted Options (336,000 Options) will be
exercisable only if the Company's share price has reached 15 pence
per Ordinary Share and remained so for 30 consecutive days between
6 July 2012 and 5 July 2022. These Options are only exercisable
after 6 July 2013.
-- 20 per cent. of the granted Options (168,000 Options) will be
exercisable only if the Company's share price has reached 25 pence
per Ordinary Share and remained so for 30 consecutive days between
6 July 2012 and 5 July 2022. These Options are only exercisable
after 6 July 2014.
-- 40 per cent. of the granted Options (336,000 Options) will be
exercisable only if the Company's share price has reached 35 pence
per Ordinary Share and remained so for 30 consecutive days between
6 July 2012 and 5 July 2022. These Options are only exercisable
after 6 July 2015.
Neither Gary Millar nor Duncan Grosvenor has a cash bonus scheme
for the financial year ending on 31 March 2013.
Their interests in shares of the Company are set out below
No. of No. of Options Shareholding % Shareholding
New Options held post in Company in Company
Granted Grant post Grant post Grant
Gary Millar 420,000 720,000 450,333 0.31
------------- --------------- ------------- ---------------
Duncan Grosvenor 420,000 420,000 - -
------------- --------------- ------------- ---------------
Enquiries:
Byotrol plc 01925 742000
Ralph Kugler, Chairman
Richard Bell, Finance Director
finnCap Limited 020 7220 0500
Nominated Adviser and broker
Geoff Nash/Christopher Raggett
Winningtons 020 3176 4722
Tom Cooper / Paul Vann 0797 122 1972
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a leading microbial
technology hygiene company, operating globally in the Health, Food,
Leisure, Consumer, Industrial and Agriculture sectors, providing a
low toxicity product with a broad-based and long lasting efficacy
across all microbial classes; bacteria, viruses, fungi, moulds,
microbacteria and algae.
The Byotrol product can be used as a stand alone product or as a
complementary biocide additive to existing products to improve
their performance in personal hygiene, domestic and industrial
disinfection, odour control, food production and food
management.
Founded in 2005, the Company has prioritised the development of
a technology that creates easier, safer and cleaner lives through
partnering with providers of essential goods and services. Byotrol
is the catalyst behind the aptly named global 'Hygiene
Revolution'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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