10th Oct 2014 11:00
10 October 2014
Beowulf Mining Plc
("Beowulf" or the "Company")
Grant of Options
Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company principally focused on the Kallak iron ore project in northern Sweden, announces that following a recommendation from the Remuneration Committee the Board approved on 9 October 2014 the granting of 500,000 options each over ordinary shares of 1 pence in the share capital of the Company ("Ordinary Shares") to Mr. Kurt Budge and Mr. Bevan Metcalf following their appointment as Non-Executive Directors of the Company. The options are valid for 5 years at an exercise price of 4 pence per Ordinary Share with a vesting period of 1 year.
Following the Grant, there are now options outstanding over, in aggregate, 4,690,000 Ordinary Shares representing approximately 1.36 per cent. of the Company's existing issued share capital.
Enquiries:
Beowulf Mining Plc | |
Clive Sinclair-Poulton, Chairman | Tel: +353 (0)85 739 2674 |
Cantor Fitzgerald Europe | |
Stewart Dickson / Jeremy Stephenson / Carrie Lun | Tel: +44 (0)20 7894 7000 |
Blytheweigh | |
Tim Blythe / Halimah Hussain / Eleanor Parry | Tel: +44 (0)20 7138 3204 |
http.//www.beowulfmining.net |
Related Shares:
Beowulf