18th Jul 2008 16:37
Mwana Africa PLC (the "Company")
Grant of Options
London, 18 July 2008 - The Company announces that today it granted options over 1,500,000 ordinary shares of 10 pence each to Peter Sydney-Smith at an exercise price of 32.5 pence per share.
These options are subject to performance related conditions and may not be exercised before 3 years from the date of grant. Provided the performance conditions have been met or treated as met at that time, then the options may be exercised at anytime thereafter, up to 10 years from the date they were granted.
Following this grant, Mr Sydney-Smith's total interest in securities of the Company is 5,000,000 options.
Enquiries:
Mwana Africa PLC
Oliver Baring, Executive Chairman
Tel: 020 7654 5580
Merlin
Tom Randell / Anca Spiridon
Tel: 020 7653 6620
Canaccord Adams Limited
Ryan Gaffney, Vice President
Tel: 020 7050 6500
Related Shares:
Asa Resources