27th Jul 2009 07:00
Trans-Siberian Gold plc
Directorate change
Share option scheme
London: 27 July 2009 - Trans-Siberian Gold plc ("TSG" or "the Company") (TSG.L) is pleased to announce the appointment of Dmitry Khilov as Deputy Chief Executive Officer in order to strengthen the Company's management team.
Mr Khilov, aged 51, is the Managing Director of the Private Equity Division of UFG Asset Management (a 51.6% shareholder in TSG) and has been a non-executive director of the Company since July 2007.
The Company has also granted options to subscribe for a total of 7,217,605 (8.5%) of its ordinary shares at an exercise price of 22.5p per share, under the terms of the employee share option scheme approved by TSG's shareholders in August 2008, to three directors and three senior managers of its Russian subsidiaries. The directors and the options granted to them are:
Oleg Bagirov 1,698,260
Dmitry Khilov 2,122,825
Simon Olsen 849,130
TSG's independent directors, who have been so advised by the Company's nominated adviser Seymour Pierce Limited, believe that the grant of the options is fair and reasonable insofar as the Company's shareholders are concerned.
Ends
Contacts:
TSG
Simon Olsen +44 (0) 1480 811871
Seymour Pierce
John Depasquale +44 (0) 207 107 8000
Related Shares:
TSG.L