REG - Versarien PLC - Award of Share Options to Directors <Origin Href="QuoteRef">VRS.L</Origin>

VersarienAnnouncement

29/10/2014 08:06

RNS Number : 4313T
Versarien PLC
03 October 2014
Press Release
3 October 2014
Versarien plc
("Versarien" or the "Company")
Award of Share Options to Directors
Versarien (AIM: VRS), the advanced engineering materials group, announces that the Board has issued share options over 2,101,522 Versarien ordinary shares (the "Share Options"), on the recommendation of the Remuneration Committee as detailed below. The Share Options represent approximately 2.0 per cent in total of the Company's current issued share capital.
Neill Ricketts and Chris Leigh have each been awarded share options over 1,050,761 Versarien ordinary shares under the Company's Employee Share Option Plan 2013. The Share Options will vest and may be exercised on the following basis:
25% on or after 2 October 2015;
25% on or after 2 October 2016;
50% on or after 2 October 2017.
The exercise price is 29.0p per share, being the closing mid market price on 2 October 2014. The Share Options may be exercised upon vesting and subject to certain performance criteria set down by the Remuneration Committee.
Following the grant of the Share Options Neill Rickets is now interested in 15,250,000 Versarien ordinary shares, representing approximately 14.5 per cent of the issued share capital and options over a further 1,579,481 ordinary shares. Chris Leigh is now interested in 115,000 Versarien ordinary shares, representing approximately 0.11 per cent of the issued share capital and options over a further 1,579,481 ordinary shares.
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For further information:
Versarien Plc

Neill Ricketts, Chief Executive Officer
Tel: +44 (0) 1594 888 622
Chris Leigh, Chief Financial Officer
www.versarien.com
Charles Stanley Securities
(Nominated Adviser and Broker)

Mark Taylor / Russell Cook
Tel: +44 (0) 20 7149 6000
Media enquiries:
Abchurch Communications Limited

Jamie Hooper / Alistair de Kare-Silver
Tel: +44 (0) 20 7398 7719
jamie.hooper@abchurch-group.com
www.abchurch-group.com

This information is provided by RNS
The company news service from the London Stock Exchange
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