Director Dealings (3435V)
January 11 2012 - 2:00AM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 3435V
HaloSource Inc
11 January 2012
For immediate release 11 January 2012
HaloSource, Inc.
Director Dealings
HaloSource, Inc. ("HaloSource" or "the Company") (HALO.LN), the
clean water and antimicrobial technology company, today announces
the award of Stock Options to Martin Coles, the recently appointed
CEO of the Company.
As described in its Admission Document, the Company pays some of
its Directors and Non-Executive Directors their salaries in a mix
of cash, Stock Options and Restricted Stock Grants (RSGs) in order
to align Director and shareholder interests. The Company has issued
RSGs and Options as follows:
Interests following grant
RSGs Stock Options (shares/RSGs)
------------- ----- -------------- --------------------------
Martin Coles - 1,000,000 1,000,000 Options
------------- ----- -------------- --------------------------
RSGs are shares which are issued by the Company but which do not
vest in the owner until certain conditions are met and may be
bought back by the Company if services are not rendered. RSGs and
Stock Options are issued as part of the Company's 2010 Share Option
Scheme. All the shares will be "affiliate shares" and subject to
certain restrictions on transfer in accordance with US securities
laws; they may not be transferred at all within a year and after a
year may only be transferred in accordance with Rule 144 of the US
Securities Act, 1933.
Following this issuance the Company has 5,484,420 options
outstanding, 574,343 common warrants outstanding and 75,377,430
common shares.
For further information contact:
HaloSource
James Thompson, Chief Financial Officer
and Director +1 425 974 1993
Company PR- Buchanan
Charles Ryland/Suzanne Brocks/Catherine
Breen +44 207 466 5000
Company NOMAD- Liberum Capital Limited
Simon Atkinson/Richard Bootle +44 20 3100 2222
Notes to Editors
About HaloSource
HaloSource is a clean water technology company, headquartered in
Seattle, US with operations in India and China. It is focused on
the provision of cleaner, clearer and safer water using its
proprietary N-halamine bead technology to clean and purify water,
killing bacteria and viruses that may cause disease.
While HaloPure provides safer drinking water; SeaKlear and
StormKlear products use a second technology based on natural
bio-polymers to provide water clarification and antimicrobial
applications for treating recreational and environmental water; and
HaloShield facilitates the binding of chlorine-based bleach to
textiles such as sheets, lab coats and towels.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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