19th Mar 2010 07:00
METALS EXPLORATION PLC
GRANT OF OPTIONS
Metals Exploration plc ("Metals Ex" or the "Company"), the Pacific Rim natural resources exploration and development company, announces that on 18 March 2010 the Company granted options over 6,000,000 and 5,000,000 ordinary shares of 1p each respectively to Ian Holzberger, Executive Chairman, and Jonathan Beardsworth, Managing Director. The options are exercisable at a price of 25p between 18 March 2012 and 18 March 2017.
The resultant holdings of options and warrants in Metals Ex held by Mr. Holzberger and Mr. Beardsworth are as follows:
|
Director |
Number of warrants or options |
Exercise price |
Earliest vesting date |
Expiry date |
|
|
|
|
|
|
|
Ian Holzberger |
1,000,000 |
20p |
8 July 2008 |
30 June 2013 |
|
|
1,000,000 |
40p |
On completion of Runruno feasibility study |
30 June 2013 |
|
|
6,000,000 |
25p |
18 March 2012 |
18 March 2017 |
|
|
|
|
|
|
|
Jonathan Beardsworth |
1,000,000 |
26.25p |
29 April 2008 |
29 April 2014 |
|
|
1,000,000 |
39.375p |
29 April 2009 |
29 April 2014 |
|
|
500,000 |
52.5p |
29 April 2010 |
29 April 2014 |
|
|
2,000,000 |
26.25p |
29 April 2010 |
29 April 2017 |
|
|
5,000,000 |
25p |
18 March 2012 |
18 March 2017 |
Enquiries:
|
Metals Exploration plc |
+ 44 (0)20 7963 9540 |
|
Jonathan Beardsworth (Managing Director) |
+ 44 (0)7747 101 552 |
|
www.metalsexploration.com |
|
|
|
|
|
Nominated Adviser / Broker |
|
|
Westhouse Securities Limited |
+ 44 (0)20 7601 6100 |
|
Tim Feather / Matthew Johnson |
|
|
|
|
|
Public Relations |
|
|
Conduit PR Limited |
+44 (0)20 7429 6607 |
|
Edward Portman / Leesa Peters |
+44 (0)7733 363 501 |
Related Shares:
Metals Exploration