Concha PLC
('Concha' or the 'Company')

New Share Option Scheme and Grant of Options

Concha PLC (AIM: CHA), is pleased to announce that it has adopted a new unapproved share option scheme, the Concha PLC 2016 Unapproved Share Option Incentive Scheme ('the Scheme').

Yesterday, the Remuneration Committee also authorised the grant of options, over an aggregate of 85,000,000 new Ordinary Shares at an exercise price of 1.18p per Ordinary Share, pursuant to the New Scheme, based on the average mid-market closing price for the previous five business days.

This aggregate figure includes grants of options to each of the following directors:

Name

Number of options

Chris Akers

40,000,000

Peter Read

30,000,000

Mark Horrocks

15,000,000

The options granted to the Directors, effective today, can be exercised at any time after the completion of the Company's next substantial investment, which would require announcement under the AIM Rules for Companies, and will lapse a maximum of three years after the date of grant.

For further information, please contact:

Concha PLC

Chris Akers, Executive Chairman

Chris.akers@srgplc.com

SPARK Advisory Partners Limited (Nominated Advisor)

Sean Wyndham-Quin/Mark Brady

+44 (0)20 3368 3550

Concha plc issued this content on 2016-01-07 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-07 07:11:26 UTC

Original Document: http://www.digitallook.com/ir/security.cgi?csi=134575&action=news&story_id=23805436&rns=1