31st Dec 2007 09:00
Solomon Gold PLC31 December 2007 31st December, 2007 Announcement to London Stock Exchange Solomon Gold plc GRANT OF SHARE OPTIONS On 31 December 2007, the Company granted 1,380,000 share options, for nilconsideration, to persons currently employed by the Company over the Company'sordinary shares of 1 pence each ("Ordinary Shares"). These share options weregranted at exercise prices between 25 pence and 75 pence per Ordinary Share.The share options can be exercised up to 31 December 2010. Included within thisamount were the following: Recipient Title Number of share Number of share options as options granted a percentage of current issued share capitalJason Ward Exploration Manager 400,000 0.90% Benn Whistler Senior Geologist 300,000 0.68% Gavin Dear Senior Geologist 200,000 0.45% Wilfred Luss Senior Geologist 200,000 0.45%Nicholas Biliki Manager of Administration and 100,000 0.23% Community AffairsDuncan Cornish Company Secretary & CFO 150,000 0.34% Jaishri Narotam Group Accountant 30,000 0.07% On 31 December 2007, the Company also granted 500,000 share options for nilconsideration over the Ordinary Shares to RFC Corporate Finance Ltd ("RFC"), theCompany's nominated adviser ("NOMAD"), pursuant to terms of engagement agreedbetween the Company and RFC and their commencement as the Company's NOMAD on 8November 2007. These share options were granted at an exercise price of 20pence per Ordinary Share, can be exercised up to 8 November 2010, and represent1.13% of the current issued share capital. By order of the Board DP Cornish Company Secretary Contacts: Mr Duncan Cornish Secretary Tel: +61 7 3303 0680 or [email protected] Mr Stephen Weir RFC Corporate Finance Nominated Advisor Tel +61 2 9250 0048 or [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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