Proposed Issue of Unlisted Options
Released
Released
Announcement PDF
Proposed Issue of Options to Directors
6 August 2015, Melbourne, Australia: The Board of Immuron Limited today wishes to announce that they
have resolved to issue a total collective pool of 6 million unlisted options exercisable at not less $0.35 per
option exercisable within 4 years from the date of their issuance, to the Directors’ of the Company, subject
to shareholder approval.
These unlisted options are to be issued to the Directors in lieu of additional cash remuneration in
recognition of the additional services which each director has performed which have been deemed far in
excess of those services usual for a Non-Executive Director of a company with Immuron’s positioning,
together with additional services that will be required to be exerted over the coming 12 - 24 months.
Immuron Chairman Dr Roger Aston will receive a total of 3M options, 2M of which will vest following a
continuous period of 12 months of service (Aug 2016), with the further 1M unlisted options to vest after a
proceeding 12 months of service (Aug 2017), whilst for each of the other directors, their 1M options will
vest following 12 months of continuous service (Aug 2016) respectively.
The issuance of the unlisted options will be tabled at the Company’s next shareholders meeting.
The Board believes that the proposed issuance of unlisted options provides a cost effective incentive-based
form of remuneration for the Directors which aligns their interests and remuneration to the achievement of
operational milestones, share price appreciation and improved overall shareholder value.
Contacts:
Dr Roger Aston
Non-Executive Chairman
+61 (0) 402 762 204
Amanda Loh
Buchan Consulting
+61 (0)3 9866 4722
ABOUT IMMURON
Immuron Ltd (ASX:IMC) is a Microbiom company focused on developing and commercialising oral
immunotherapeutics for the treatment of a many gut mediated diseases. Immuron has a unique and safe technology
platform that enables a shorter development therapeutic cycle. The company currently markets Travelan® for the
prevention of travellers’ diarrhoea, its lead product candidate IMM-124E is in Phase 2 clinical trials for NASH and ASH,
and it has a preclinical immunotherapy pipeline targeting immune-related diseases with unmet needs.
Immuron’s main scientific alliances are with Hadassah Medical Center (Israel), Monash University (Australia) and the
Commonwealth Scientific and Industrial Research Organisation (CSIRO) (Australia).
Suite 1, 1233 High Street
Armadale, Victoria
AUSTRALIA
3143
www.immuron.com
ABN: 80 063 114 045
Phone:
+ 61 (0)3 9824 5254
Facsimile: + 61 (0)3 9822 7735
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