31st Jan 2013 17:41
Cluff Natural Resources plc / Index: AIM / Epic: CLNR / Sector: Natural Resources
31 January 2013
Cluff Natural Resources plc ('CNR' or 'the Company')
Grant of share options
Cluff Natural Resources plc, an investing company founded by natural resources entrepreneur Algy Cluff which focuses on investing in global oil & gas and mining assets, is pleased to announce that on 23 January 2013, 4,500,000 options over ordinary shares of 0.05p each in the Company were granted to the CEO, CFO and other employees. These share options have a weighted average exercise price of 6.41p per share and amount to 5% of the issued share capital in total. The share options vest in 12 months and are exercisable over 10 years, according to the Company's share option scheme.
Of the options detailed above, the following were awarded to directors and senior management of the Company:
Name | Options Granted | Exercise Price |
John Gordon Cluff | 2,000,000 | 8p |
Anna Obolenskaya | 1,500,000 | 5.13p |
Total granted to directors and senior management | 3,500,000 | |
Granted to employees | 1,000,000 | 5.13p |
TOTAL GRANTED | 4,500,000 |
The total number of ordinary shares currently in issue is 87,000,000.
**ENDS**
For further information visit www.cluffnaturalresources.com or contact the following:
Cluff Natural Resources Plc | |
Algy Cluff | Tel: +44 (0) 20 7887 2630 |
Shore Capital and Corporate Limited (Nominated Adviser) | |
Pascal Keane / Toby Gibbs | Tel: +44 (0) 20 7408 4090 |
Shore Capital Stockbrokers Limited (Broker) | |
Jerry Keen | Tel: +44 (0) 20 7408 4090 |
St Brides Media & Finance Ltd | |
Felicity Edwards / Frank Buhagiar / Lottie Brocklehurst | Tel: +44 (0) 20 7236 1177 |
Related Shares:
CLNR.L