19th Aug 2011 10:25
19 August 2011 AIM: CHL
CHURCHILL MINING PLC
("Churchill" or "the Company")
Issue of options
Churchill Mining plc (AIM: CHL), ("Churchill" or the "Company") announces that it has granted 5,950,000 share options to directors, consultants and key management ("New Options").
The New Options are exercisable at a price of 50p per share up until 18 August 2016 and will vest on 1 January 2012. Of the New Options, 5,000,000 options have been granted to the following directors of the Company:
Name | Options prior to the grant of New Options | New Options granted | Options following the grant of New Options |
David Quinlivan | 1,650,000 | 1,000,000 | 2,650,000 |
Rachmat Gobel | - | 800,000 | 800,000 |
Jan Castro | - | 800,000 | 800,000 |
Greg Radke | - | 800,000 | 800,000 |
Fara Luwia | - | 800,000 | 800,000 |
Faroek Basrewan | 450,000 | 800,000 | 1,250,000 |
ENDS
For further information, please contact:
Churchill Mining Plc David Quinlivan + 61 8 6382 3737
| Northland Capital Partners Limited Shane Gallwey / Luke Cairns +44(0)20 7796 8800 | Tavistock Communications Paul Youens / Jos Simson +44(0)20 7920 3150 |
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