16th Nov 2006 09:08
Hardman Resources Limited16 November 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 16 November 2006 AUSTRALIAN CONTACT: Richard O'Shannassy Hardman Resources Ltd + 61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group + 44 207 404 5959 RE: CEO Exercise of Phantom Shares Hardman Resources Ltd ('Company') advises that it has today received notice fromits CEO, Mr Simon Potter, exercising the 330,000 Phantom Shares granted to himon the first anniversary of his employment with the Company (19 January 2006) inaccordance with his Service Agreement, details of which have previously beendisclosed. As a result of the exercise of these Phantom Shares, Mr Potter is entitled to acash sum of A$125,400, being 330,000 multiplied by the difference between theCompany's share price on commencement of Mr Potter's employment (19 January2005) and the current market value of the Company's shares. RICHARD O'SHANNASSYCOMPANY SECRETARY This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Highlands Natural Resources