5th Sep 2011 16:47
Mwana Africa PLC (the "Company")
Grant of Options
London, 5 September 2011- The Company announces that on 2 September 2011 it granted options over ordinary shares of 1 penny each to the following directors, at an exercise price of 5 pence per share:
Options granted 2 September | Total options held after grant
| |
Oliver Baring | 1,500,000
| 7,556,923 |
Kalaa Mpinga | 7,000,000
| 14,000,000 |
Donald McAlister
| 2,500,000 | 4,000,000 |
These options are subject to performance related conditions and may not be exercised before three 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 ten years from the date they were granted.
The aggregate number of options granted today is 16,640,000 including the above directors and other employees that are not directors.
Enquiries:
Mwana Africa PLC
Brian Tuck, Company Secretary Tel: +44 (0) 20 7654 5580
Nominated Adviser and Broker
Ambrian Partners Limited Tel: +44 (0) 20 7634 4700
Anthony Rowland / Jen Boorer
Joint Broker
XCAP Securities plc Tel: +44 (0) 20 7101 7070
Jon Belliss / John Grant / Parimal Kumar
Public Relations
Merlin Tel: +44 (0) 20 7726 8400
David Simonson / Anca Spiridon
Related Shares:
Asa Resources