30th Jan 2008 07:00
Niger Uranium Limited30 January 2008 For immediate release 30 January 2008 Niger Uranium Limited ("Niger Uranium" or "the Company") Grant of Options The Company announces that on the recommendation of the Company's RemunerationCommittee, the Company has granted options over 2,200,000 ordinary shares ofUS$0.01 each in the capital of the Company ("Ordinary Shares") to directors ofthe Company in accordance with the Share Option Plan set out in the AdmissionDocument dated 7 September 2007 at an exercise price of 50 pence per Ordinaryshare. The directors to whom options have been granted are as follows: An option over 1,100,000 Ordinary Shares to John (Ian) Stalker, Executive DeputyChairman and Chief Executive Officer (total 1,580,000 Ordinary shares underoption following this grant); and An option over 1,100,000 Ordinary Shares to Neil Herbert, Non-Executive Director(total 1,530,000 Ordinary Shares under option following this grant). In addition, options over a further 1,650,000 Ordinary Shares have been grantedto management, employees and consultants of the Company at an exercise price of37 pence per Ordinary Share, being the closing middle market price on 29 January2008. The options granted above will vest to each option holder in three equal annualinstallments commencing on the date of grant and will expire unless exercised onor before 30 January 2018. For further information: Niger Uranium Limited Tel: + 27 82 404 3637Ian Stalker, Executive Deputy Chairman and Chief Tel: +1 866 437 9551Executive Officer Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396Roland Cornish / Michael Cornish Financial Dynamics Tel: +44 (0) 20 7269 7230Ben BrewertonEdward Westropp ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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