28th Feb 2007 07:01
EMED Mining Public Limited28 February 2007 AIM: EMED 28 February 2007 EMED Mining Public Limited Issue of incentive options over unissued ordinary shares EMED Mining Public Limited ("EMED Mining" or "the Company") announces that itsRemuneration Committee has today awarded an additional 3,850,000 options topurchase new ordinary shares of par value 0.25 pence each in the capital of theCompany, exercisable at a price of 13.5 pence per share. The options have beenawarded as at 26 February 2007 in lieu of increased director's fees, salary orother benefits and have been allocated to certain directors and seniormanagement of the Company. The options have been issued following the release toshareholders of the annual report; they expire after six years and areexercisable as to one-third immediately, one-third after 12 months and one thirdafter 24 months. As a result of these incentive share option allocations, the interests of thefollowing directors in share options are as follows: Name No. of options No. of new No. of options % of existing before this options issued after this share capital issue issue under optionA.Anagnostaras-Adams 6,500,000 1,000,000 7,500,000 8.09R. Beevor 1,450,000 500,000 1,950,000 2.10A. Panayiotou 725,000 250,000 975,000 1.05 The Company now has in issue a total 19,937,667 unexercised options over newordinary shares of par value 0.25 pence each in the capital of the Company. Thisrepresents 17.2% of the fully-diluted share capital as compared with the current20% limit set for the incentive scheme at the time of admission. -Ends- Enquiries EMED Mining Nabarro Wells Parkgreen CommunicationsHarry Anagnostaras-Adams Richard Swindells Clare Irvine+357 9945 7843 or +44 (0) 20 7710 7400 +44 (0) 20 7850 7480+61 412 369 710www.emed-mining.comwww.emed.tv For further information on the Company's activities, visit www.emed-mining.comor www.emed.tv This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Atalaya Mining