27th Sep 2007 07:03
GMA Resources PLC27 September 2007 27 September 2007 AIM: GMA GMA Resources Plc ("GMA" or "the Company") ISSUANCE OF STOCK OPTIONS TO DIRECTORS The directors of the Company yesterday approved the award of 3,600,000 stockoptions in accordance with the Company Stock Option Plan. Of the shares awarded,2,200,000 were granted to Directors as follows: Richard Linnell Chairman 400,000Robert Danchin Non Executive Director 400,000David Netherway Non Executive Director 400,000Francois Gauthier Non Executive Director 600,000Douglas Perkins Chief Executive Officer 400,000 The options vest in tranches over an 18 month period and are exercisable for aperiod of five years from the date of grant. Fifty per cent. of the optionsgranted to each director are exercisable at 13p and the remaining fifty percent. are exercisable at 19.5p. Enquiries: GMA Resources Plc John East & Partners Limited Parkgreen CommunicationsDouglas Perkins Simon Fox / Bidhi Bhoma Louise Goodeve / Justine Howarth+1 514 806 6788 +44 (0) 20 7628 2200 +44 (0) 20 7851 7480 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Kemin Resources