Disenco Energy PLC

Disenco Energy PLC

June 30, 2008 14:48 ET

Disenco Energy PLC: Cancellation of Options

SHEFFIELD, UNITED KINGDOM--(Marketwire - June 30, 2008) - Disenco Energy PLC (the "Company") (TSX VENTURE:DIS), a developer of a home power generating unit called the Disenco Home Power Plant, today announced that a director of the Company has agreed to the cancellation of 128,500 stock options. Following the cancellation of these options, the Company has a total of 2,725,062 options outstanding.

The director decided to forfeit these options to ensure that there is a pool of options available to reward and motivate employees for their contribution toward the success and goals of the Company. These cancelled options will be returned to the general pool and will be issued to officers and employees and they will be subject to the same terms and vesting periods in accordance with the Company's stock option plan. The exercise price will be determined at the time of issuance.

Forward Looking Statements

The statements contained in this News Release that are not purely historical are forward-looking statements. Forward-looking statements may relate to the success of any of the Company's strategic initiatives, the Company's expectations, beliefs, growth and future prospects, and the Company's position in the market and future opportunities therein. Forward-looking statements may also include without limitation any express or implied statement relating to future events, industry performance, general business and economic conditions or circumstances, regulatory and legal requirements and other matters, many of which are beyond the control of the Company. Forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those projected. All forward-looking statements included in this News Release are based upon information available to the Company as of the date hereof and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Disenco Energy PLC
    Brian Longpre
    Director of Corporate & Investor Relations
    +44 (0)114 261 5180
    Email: b.longpre@disenco.com