RNS Number : 8697U
  D1 Oils Plc
  20 May 2008
   

    20 May 2008


       
    Grant of Options 

    D1 Oils plc ('D1') announces that on 19 May 2008, the Board of D1 resolved to grant options, as the annual options grant, over 2,300,000
ordinary shares to Elliott Mannis, Chief Executive Officer, under the D1 share option plan at an exercise price of 21 pence per ordinary
share, being the prevailing market price on 16 May, 2008. The options will vest as follows: one third from 19 May 2009, and thereafter one
thirty sixth each month over the following 24 months. The options will lapse on 19 May 2018. 

    This grant is in addition to 1,153,188 options previously granted to Mr Mannis, bringing the total number of options granted to him to
3,453,188 options.



    Contacts:

    D1 Oils plc:
    Graham Prince, Head of Corporate Communications
    Tel: +44 (0)1642 755 580
    Mobile: +44 (0)7973 323 840

    Brunswick Group:
    Mark Antelme
    Tel: +44(0)20 7404 5959

    Notes to Editors:   D1 Oils plc is a biofuels technology company. Our strategy is to develop new energy crops into sustainable
commercial fuels. We provide technology and services for the breeding, development, planting and harvesting of new varieties of commercial
biofuel crops, focusing on alternative, sustainable feedstocks that are not subject to the same price pressures as food-grade crops. We have
an established plant science and planting programme for Jatropha curcas, a robust, tropical oilseed bearing tree. Jatropha produces inedible
oil feedstock for biodiesel and is able to make use of land not suitable for arable agriculture. D1 has a 50:50 joint venture with BP for
the global planting of jatropha. 
This information is provided by RNS
The company news service from the London Stock Exchange
 
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