27th Feb 2007 07:54
Albidon Limited27 February 2007 Level 1 62 Colin St West Perth 6005 Western Australia ARBN 107 288 755 ALBIDON LIMITED Tel: +61 8 9211 4600 Fax: +61 8 9211 4699 Email:[email protected] ASX Code: ALB AIM Code: ALD 27 February 2006 Market release via electronic lodgement ISSUE OF OPTIONS FOR ALBIDON MANAGING DIRECTOR The Albidon Board has approved the issue of the following executive options toManaging Director Mr Dale Rogers: • The issue of 1,200,000 options exercisable at $2.10 each on or before 27 February 2010. • The options will be subject to milestones relating to successful delivery of the Munali nickel project in Zambia and Mr Rogers continuing to provide executive services to the Company over the next two years. Shareholder approval for the issue of these options will be sought at theforthcoming Annual General Meeting. The Company has an options policy designed to align incentives provided to keystaff and consultants with delivery to shareholders of both share priceperformance and specific project outcomes. The incentive options granted to MrRogers recognise the important role he will play in delivering shareholdervalue. If you have any queries please do not hesitate to contact the Company Secretary,Nicholas Day on 61+8+9389-6300. Albidon's nominated adviser is RFC Corporate Finance Ltd, contact Stephen Allenon 61+8+9480-2507. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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