OPG Power Ventures plc Grant of Options (4076A)

TIDMOPG

RNS Number : 4076A

OPG Power Ventures plc

22 December 2014

OPG POWER VENTURES plc

(the "Company", "Group" or "OPG")

GRANT OF OPTIONS

OPG Power Ventures plc, the developer and operator of group captive power plants in India, announces that the Board, on 19(th) December 2014, granted options over new ordinary shares in the Company to directors as detailed below in accordance with the Group's Share Options Scheme as previously approved in July 2009 ("the 2009 Scheme"), as indicated in the Company's admission document dated 23 May 2008.

The exercise price of these options is 60 pence, they are exercisable between one and ten years from the date of grant and vesting is subject to the achievement of performance conditions previously decided upon by the Remuneration Committee.

The grants of options under the 2009 Scheme are as follows:

 
 Director            Number of options awarded   Percentage of existing 
                                                   issued share capital 
 
 M.C. Gupta                            250,000                     0.07 
                    --------------------------  ----------------------- 
 R. Gupta                              250,000                     0.07 
                    --------------------------  ----------------------- 
 V. Narayan Swami                      250,000                     0.07 
                    --------------------------  ----------------------- 
 M. Grasby                             250,000                     0.07 
                    --------------------------  ----------------------- 
 
 Total                               1,000,000                     0.28 
                    --------------------------  -----------------------

Enquiries:

 
                                          +91 (0) 44 429 11 
 OPG Power Ventures PLC                    211 
                                          +44 (0) 7814 830 
                                           893 
                                           +91 (0) 98400 96299 
                                           +91 (0) 44 429 11 
 Arvind Gupta (Managing Director)          222 
                                          +91 (0) 99400 17927 
 V. Narayan Swami (Finance Director)       +91 (0) 44 42911214 
 Martin Gatto (Senior Non Executive       +44 (0) 7778 749 
  Director)                                223 
 Cenkos Securities (Nominated Adviser     +44 (0) 20 7397 
  & Broker)                                8900 
 Stephen Keys / Mark Connelly 
 
 Tavistock Communications Financial       +44 (0) 20 7920 
  Public Relations)                        3150 
 Simon Hudson / James Collins

This information is provided by RNS

The company news service from the London Stock Exchange

END

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