TIDMENK

RNS Number : 0411G

ENK PLC

25 June 2012

Grant of Stock Options

25 June 2012 - ENK plc ("ENK" or the "Company") (AIM, PLUS, ASX: ENK) announces that on 21 June 2012 the Board of the Company agreed, subject to shareholder approval, to issue 2,000,000 options to Managing Director Robert Gregory for no consideration, and 1,500,000 options to Finance Director Mark Hanlon for no consideration (the "Options"). The Options have been granted on the following major terms:

   --      Term of 5 years 
   --      Exercise Price of 16 pence 
   --      Vesting conditions:

-- 1/3 exerciseable when the share price has traded at 24 pence or higher for 10 consecutive trading days, but in any event no earlier than 12 months from date of issue,

-- 1/3 exerciseable when the share price has traded at 32 pence or higher for 10 consecutive trading days but in any event no earlier than 24 months from date of issue, and

-- 1/3 exerciseable when the share price has traded at 48 pence or higher for 10 consecutive trading days but in any event no earlier than 36 months from date of issue.

If shareholders approve the issue of options at the Annual General Meeting of the Company on 30 August 2012 the resultant beneficial ownership of Mr Gregory and Mr Hanlon is set out below:

 
 Name           Number of Options   Total number            Current Shareholding   Percentage 
                 Granted             of options following    in ENK                 of Issued 
                                     grant                                          Share Capital 
 Rob Gregory    2,000,000           4,000,000               1,235,000              0.47 
               ------------------  ----------------------  ---------------------  --------------- 
 Mark Hanlon    1,500,000           3,000,000               776,800                0.30 
               ------------------  ----------------------  ---------------------  ---------------

As of the date of this announcement no options have vested.

For more information or to view a copy of this document, please visit www.enk.co.uk or contact:

Mark Hanlon, Finance Director, ENK Tel: +61 (0)8 9226 1111

Robert Gregory, Managing Director, ENK Tel: +63 917 513 4970

Chris Sim or Neil Elliot, Investec Bank plc Tel: +44 20 7597 5970

   Tim Blythe or Matthew Neal, Blythe Weigh Communications                    Tel: +44 207138 3204

This information is provided by RNS

The company news service from the London Stock Exchange

END

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