29th Sep 2008 07:00
Hambledon Mining Plc
("Hambledon" or the "Company")
Grant of Share Options
Hambledon announces the grant today of options over a total of 9,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to various directors and senior management. All of the options granted pursuant to this announcement are exercisable at a price of 5.88 pence per Ordinary Share, being the mid-market closing price on 26 September 2008. These options have been issued under the Company's existing unapproved employee share option scheme.
Details of the grant of share options to Directors are as follows:
|
Name |
Number of options |
Exercise price |
Exercise period |
|
Neil Stevenson |
3,000,000 |
5.88p |
26 September 2010 - 25 September 2012 |
|
Baurzhan Yerkeyev |
3,000,000 |
5.88p |
26 September 2010 - 25 September 2012 |
The total number of Ordinary Shares under option is now 14,500,000, being 3 per cent. of the issued share capital of the Company as it would be following the exercise of all share options.
Enquiries:
Hambledon Mining:
Telephone +44 (0)20 7233 1462
Charles Zorab
Fairfax I.S. PLC:
Telephone +44 (0)207 598 5368
Nominated Adviser and Broker
Ewan Leggat
Related Shares:
Altyngold