Cleantech Building Materials: Grant of share options

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:

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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