24th Jun 2009 11:03
Patagonia Gold PLC
("Patagonia Gold" or "the Company")
Grant of options
On 23 June 2009 the Company's Remuneration Committee has approved the grant of options over 21,413,000 ordinary shares of 1p each ( each an "Ordinary Share") to certain Directors and employees under stand alone option deeds.
The following grants of options to Directors were made:
|
Director |
Options granted |
Options held following this notification |
|
Carlos Miguens |
6,500,000 |
8,000,000 |
|
William Humphries |
4,500,000 |
8,000,000 |
|
Richard Prickett |
2,594,000 |
6,000,000 |
|
Marc Sale |
2,600,000 |
6,000,000 |
|
Sir John Craven |
1,500,000 |
3,000,000 |
|
Gonzalo Tanoira |
1,719,000 |
3,000,000 |
The options are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 12.25p per Ordinary Share.
Enquiries:
Bill Humphries/Richard Prickett
Patagonia Gold Plc
Tel: +44(0)20 7409 7444
Simon Raggett / Angela Peace
Strand Partners Limited
Tel: +44(0)20 7409 3494
Related Shares:
Patagonia Gold