4th Jun 2008 09:42
Patagonia Gold PLC
("Patagonia Gold" or "the Company")
Grant of options
On 3 June 2008 the Company's Remuneration Committee granted options over 1,675,000 ordinary shares of 1p each ("Ordinary Share") to certain Directors and employees under the Company's share option scheme.
The following grants of options to Directors were made:
|
Director
|
Options granted
|
Options held following this notification
|
|
Marc Sale
|
500,000
|
2,500,000
|
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 9.875p per Ordinary Share.
The board has also granted a further 1,175,000 options over Ordinary Shares to employees of the Company, exercisable on the same terms as above.
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