Cleantech Building Materials: Grant of share options
July 07 2017 - 4:36AM
Cleantech Building Materials PLC:
Grant of share options
7 July 2017
CLEANTECH BUILDING MATERIALS PLC,
NASDAQ FIRST NORTH, COPENHAGEN
TICKER: CBM
CLEANTECH BUILDING MATERIALS PLC
("CBM" or the "Company")
GRANT OF OPTIONS
CBM announces that it has today
granted options to subscribe for an aggregate of 1,277,455 ordinary
shares of £0.10 each ("Ordinary Shares") in the Company to a number
of members of its senior management team ("Options").
All of the Options have the same
terms which include an exercise price of €1.25 per share, a vesting
period under which 50% of the Options granted vest on or after 23
December 2017, and the remaining 50% are granted in two tranches of
25% each upon the completion of defined conditions. The Options
have an expiry date of five years from today's date and any options
not exercised will lapse at that date.
The Options granted include a
grant to a director of the Company, Jason Hung-Wen Wang, Chief
Executive Officer, who has been granted options over 729,974
Ordinary Shares.
The Directors believe that the
Options are important to retain and incentivise the senior
management team to deliver on the Company's strategy to finance and
build the first Accoya® Wood factory
in China, which is planned to be constructed by the Company with
Jiangsu Sopo Group.
THE DIRECTORS OF CLEANTECH
BUILDING MATERIALS PLC ACCEPT RESPONSIBILITY FOR THE CONTENTS OF
THIS ANNOUNCEMENT
For further
information, please contact:
Cleantech Building Materials plc
Adrian Wyn-Griffiths
|
info@cbm-plc.com
+44 20 3053 8671
|
Keswick Global AG (Certified Adviser) |
info@keswickglobal.com
+43 1 740 408045
|
IFC Advisory Limited (Financial PR)
Tim Metcalfe
Heather Armstrong |
+44 20 3053 8671 |
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Cleantech Building Materials via
Globenewswire
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