13th May 2011 16:58
13 May 2011
Patagonia Gold PLC
("Patagonia Gold" or "the Company")
Grant of Options
On 13 May 2011 the Company's Remuneration Committee agreed to grant options over 3,900,000 ordinary shares of 1p each ("Ordinary Share") to certain Directors under the Company's share option arrangements.
The following grants of options to Directors were made:
| |||||||
Name | Existing Options | New Issue | Total | ||||
Carlos Miguens | 11,100,000 | 900,000 | 12,000,000 | ||||
William Humphries | 11,100,000 | 900,000 | 12,000,000 | ||||
Richard Prickett | 6,825,000 | 550,000 | 7,375,000 | ||||
Marc Sale | 6,825,000 | 550,000 | 7,375,000 | ||||
Sir John Craven | 5,000,000 | 500,000 | 5,500,000 | ||||
Gonzalo Tanoira | 3,500,000 | 500,000 | 4,000,000 | ||||
| |||||||
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 42.25p per Ordinary Share.
Enquiries:
Bill Humphries/Richard Prickett
Patagonia Gold Plc
Tel: +44(0)20 7409 7444
Simon Raggett / Angela Peace/ Rory Chichester
Strand Hanson Limited
Tel: +44(0)20 7409 3494
Related Shares:
Patagonia Gold