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FORESTA GROUP HOLDINGS LIMITED — Share Issue/Capital Change 2013
Aug 18, 2013
64915_rns_2013-08-18_103dfa79-e2a3-4bc2-a696-d37a83eeb67a.pdf
Share Issue/Capital Change
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19[th] August 2013
Australian Securities Exchange Announcement
Issue of Options under Employee Share Plan
The Board of Leaf Energy has approved the issue of 1,000,000 unlisted options to employees (excluding Directors) under the terms of its Employee Share Option Plan (ESOP). The terms of these employee share plan options are as approved at the 2011 Annual General Meeting.
The options are exercisable at $0.10 and will vest approximately 12 months after issue. The options will expire on 20[th] December 2016.
The Leaf Energy ESOP was established to provide the opportunity for key employees to share in the success of the Company, act as an incentive, and to retain key employees to ensure the continuing growth and success of the Company.
The options will be issued on the closure of the current entitlement issue to shareholders and the Appendix 3B for the options will be released at that time.
No Director will be receiving options in this issue.
About Leaf Energy
Leaf Energy is an Australian clean Technology (CleanTech) company currently focused on commercialising the Glycerol Pretreatment Process. The Glycerol Pretreatment Process delivers more sugars faster and more economically from waste biomass, which in turn should drive significant improvement in the economics of the production of biofuels, biomaterials and green chemicals. Leaf energy Ltd is a publicly listed company on the Australian Stock Exchanges (ASX: LER).
Shareholder updates
If you would like to receive company announcements by email, express your interest via email to [email protected] .
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Stephen Denaro Company Secretary
Contacts: Ken Richards (Managing Director) M: +61 403 385 051 Jay Hetzel (Chairman) M: +61 413 045 478
LEAF ENERGY LTD . ABN 18 074 969 056
88 Brandl Street Eight Mile Plains Qld 4113 . PO Box 4037 Eight Mile Plains Qld 4113
t +61 7 3188 9040 . f +61 7 3188 9087 . www.leafenergy.com.au