Embargoed Release: 07:00hrs Tuesday 12 May 2009
Zenergy Power plc
(`the Company')
Grant of Options
Zenergy Power plc (AIM:ZEN.L) announces the grant of the following options to
executive directors over ordinary 1p shares in the Company through the
Company's unapproved option scheme named the Zenergy Power plc 2006
Discretionary Share Option Plan.
Name Number of Date of Exercise Grant Price Total Number
Options Grant Period of Options
Granted Held
Karen 25,000 2nd May 2009 10 years from 140.5 275,000
Chandler date of grant
Jens Mueller 30,000 2nd May 2009 10 years from 140.5 30,000
date of grant
All the options in question will vest (become exercisable) 25 per cent on the
expiry of 12 months from the date of grant. Thereafter, an equal percentage of
the option will vest each month until the expiry of four years from the date of
grant when 100 per cent of the option will have vested.
-Ends-
Further information
Andrew Tan Zenergy Power plc + 49 2226 9060 668
About Zenergy Power plc
Zenergy Power plc is a superconductor energy technology company, listed on the
AIM market of the London Stock Exchange and comprising three operating
subsidiaries located in Germany, USA and Australia. By innovating
superconductor based technology solutions, the Group provides patented clean
energy devices that greatly improve the efficiency with which customers
generate, distribute and use electrical energy.
To date, the incredibly energy efficient superconductive components at the
heart of Zenergy's products have successfully delivered industrial customers
significant reductions in energy consumption and provided utility companies
with cutting-edge smart gird solutions. Looking to the near future, the Group
is also developing a range of highly-energy efficient superconductor components
for electricity generators capable of greatly reducing the cost of producing
offshore wind power. All of which leads to the production of fewer carbon
emissions in the world and a more sustainable economic growth path. In 2007
Zenergy achieved the world's first sale of an industrial scale commercial
application incorporating superconductor technology and has subsequently
developed products capable of addressing multi-billion dollar global markets.
About superconductivity
Superconductive materials are capable of conducting electricity without any
resistance and were first discovered in 1911 in what was to prove to be one of
the most significant scientific breakthroughs of the 20th century.
Superconductors enable:
(a) Induction Heaters to be twice as efficient for the metals industry
(b) Fault Current Limiters to protect power grids from blackouts
(c) Direct-drive wind generators to be significantly reduced in size and weight
allowing the operation of wind generators in excess of 8 MW
(d) Existing hydro-power sites to increase energy efficiency and electrical
power output