HaloSource Inc Directors' Dealings (7747L)
April 30 2015 - 1:02AM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 7747L
HaloSource Inc
30 April 2015
30 April 2015
HaloSource, Inc.
("HaloSource" or the "Company")
Directors' Dealings
HaloSource, Inc. (HAL.LN, HALO.LN), the global clean water
technology company traded on London's AIM, today announces the
award of Restricted Stock Grants ("RSGs") to Non-Executive
Directors, and Stock Options to Executive Directors, of the
Company.
As described in the Company's Admission Document, HaloSource
pays some of its Executive Directors and Non-Executive Directors
their salaries in a mix of cash, Stock Options and RSGs in order to
align Director and shareholder interests. The Company has issued
RSGs and Stock Options as follows:
Stock Interests following grant
RSGs Options (shares/RSGs or Options)
------------------ ------ --------- ---------------------------
Alan Matthews 8,000 - 227,133 shares / 8,000
RSGs
------------------ ------ --------- ---------------------------
James Thompson - 296,647 538,395 shares / 934,940
Options
------------------ ------ --------- ---------------------------
Jerry Wetherbee 8,000 - 436,976 shares / 8,000
RSGs
------------------ ------ --------- ---------------------------
Kent Johnson 8,000 - 854,605 shares / 8,000
RSGs
------------------ ------ --------- ---------------------------
Martin Coles - 300,000 722,790 shares / 2,600,000
Options
------------------ ------ --------- ---------------------------
Massoud Entekhabi 8,000 - 122,133 shares / 8,000
RSGs
------------------ ------ --------- ---------------------------
Michael Ducey 8,000 - 357,591 shares / 8,000
RSGs
------------------ ------ --------- ---------------------------
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.
The 596,647 Stock Options issued to Martin Coles and James
Thompson, Executive Directors of the Company, have an exercise
price of US$0.26 per share based upon the closing stock price of
the Company on the date of issuance. 200,000 of the Stock Options
granted to each of Mr. Coles and Mr. Thompson contain performance
conditions based upon the financial performance of the Company for
the 12 month period ended 31 December 2015, and vest only if these
performance conditions are satisfied.
Following this issuance the Company has 7,892,643 options
outstanding, 567,813 common warrants outstanding and 220,271,404
common shares outstanding.
Enquiries:
HaloSource
Martin Coles, Chief Executive
Officer +1 425 974 1991
James Thompson, Chief Financial
Officer +1 425 974 1993
Liberum Capital (NOMAD and Broker)
Richard Bootle/Jill Li/Steve
Pearce +44 203 100 2222
Allenby Capital (Joint Broker)
Chris Crawford/Kat Perez +44 203 328 5656
Newgate (PR Adviser) +44 207 680 6550
James Benjamin/Andre Hamlyn/Lois halosource@newgatecomms.com
Engstrand
About HaloSource
HaloSource, Inc. creates innovative solutions for water
purification that serve people, preserve the planet and protect our
most valuable resource. The Company works with scientists and
industry experts across the globe in search of new ways to improve
water quality and has been awarded more than 70 patents for its
ground breaking chemistries, which provide effective and
environmentally responsible solutions to the growing issue of water
stress.
Founded in Seattle, Washington, HaloSource has grown to become
an influential leader in three market segments: drinking water,
recreational water, and environmental water treatment and
remediation. HaloSource is headquartered in the US with operations
in China and in India. Learn more about the Company's research and
development and future cutting edge technologies by visiting
www.halosource.com.
HaloKlear, HaloPure, SeaKlear and HaloShield are either
trademarks or registered trademarks of HaloSource, Inc. All other
trademarks, brand names or product names belong to their respective
holders.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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