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ZICOM GROUP LIMITED — Capital/Financing Update 2010
May 18, 2010
66117_rns_2010-05-18_fb0e8b22-9f0f-46da-9088-c64d1cac58b9.pdf
Capital/Financing Update
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ABN 62 009 816 871 Zicom Group Limited
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38 Goodman Place, Murarrie, Queensland 4172 • Tel: (07) 3908 6088 • Fax: (07) 3390 7962
19 May 2010
Company Announcements Office Australian Securities Exchange Level 6, 20 Bridge Street SYDNEY NSW 2000
ISSUE OF EMPLOYEE SHARE OPTIONS
The board of directors of Zicom Group Limited have resolved to issue up to 5 million employee share options to eligible employees and directors of the company and its operating subsidiaries.
The Group has previously granted 3,800,000 share options to eligible employees and to directors and related parties. Of the total share options granted 415,000 have been since been forfeited due to departure of the option holders.
The options will be made available through the Zicom Group Limited Employee Share & Option Plan, approved at the Annual General Meeting of Shareholders held on 23 November 2006.
The options will be granted under the following conditions :-
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(a) Exercise Price
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A$0.18 cents per share
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(b) Vesting Periods
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50% of the options are exercised 12 months after grant date
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50% of the options are exercised 24 months after grant date
(c) Validity Period
- 5 years from grant date
The share options granted to directors shall be subject to shareholders’ approval at the earliest practical date.
The main objectives in issuing the options are to recognise performance and potentials of eligible employees, and to encourage eligible employees to work in ways to enhance shareholder value and at the same time give them the opportunity to have a greater involvement with and to share the future growth and profitability of the company in partnership with the shareholders.
This initiative also strengthens the company’s position to retain and attract talent in the company’s drive to expand and grow so as to improve the company’s performance and enhance shareholder value.
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G L Sim Chairman