Kryptonite 1 Plc
(“Kryptonite 1” or the “Company”)
Grant of Options
Kryptonite 1 announces that options over a total of 9,868,420 ordinary shares of 0.19 pence each in the Company (“Ordinary Shares”) have been granted to certain Directors and other consultants to the Company under the Company's recently adopted Share Option Scheme ("Options"). The Options will vest immediately and are exercisable at a price of 0.19 pence per share for a period of ten years from the date of grant. The grant of the options reflects the fact that the cash remuneration paid to the recipients of the options did not fully reflect the value of the services provided by them to the Company.
Following the grant of these Options the Directors of the Company have the following interests in the share capital of the Company:
|Ordinary Shares Held||Percentage Holding||Options awarded|
|George McDonaugh- Chief Executive Officer||1,052,631||1.77||1,973,684|
|Rupert Williams – Non-Executive Director||nil||nil||1,973,684|
|Jeremy Woodgate – Non-Executive Director||1,052,630**||1.77||1,973,684|
|Smaller Company Capital Limited*||1,473,684||2.47||nil|
|Stephen Corran – Non-executive Director||nil||nil||nil|
*a company which is owned and controlled by Jeremy Woodgate and Rupert Williams
**includes 526,315 Ordinary Shares held by a family member of Jeremy Woodgate
The Options represent in aggregate 14.20% of the diluted issued share capital of the Company.
The Directors of Kryptonite 1 accept responsibility for the contents of this announcement.
Kryptonite 1 Plc
Tel : 01624 676716
NEX Exchange Corporate Adviser
Peterhouse Corporate Finance Limited
Fungai Ndoro and Mark Anwyl
020 7469 0930