19th Apr 2006 09:19
Metals Exploration PLC19 April 2006 Metals Exploration plc (the "Company") Grant of options to employees 19 April 2006 The Company announces today that it has granted employee share options tocertain key employees in the Philippines under the terms of its UnapprovedOption Scheme. On 13 April 2006, in total 1,200,000 options were granted to these employees,all exercisable at a price of 12 pence. Under the terms of such scheme, as ageneral rule, options may not be exercisable for three years following theirgrant. There are exceptional circumstances that justify a reduction of thisexercise period to 12 months. Enquiries: Steven Smith - Chairman +44 (0) 7797 721 858 Jonathan Anderson - Investor Relations +44 (0) 7950 410 680 Philip Haydn-Slater - W.H. Ireland Limited +44 (0) 20 7220 1666 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Metals Exploration